Sunday, April 20, 2008

Newsdesk notes for Monday November 26

Sir Richard Branson's Virgin consortium is in pole position to take over stricken bank Northern Rock. Business correspondent Phillip Inman says doubts remain as to whether Branson can raise the capital he needs to seal the deal, and if the bank can repay taxpayers the £23bn it was lent by the Bank of England. And the government face questions about its role in setting up the Virgin deal.

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