Sale of Northern Rock to Virgin Money  

Chi Onwurah MP for Newcastle Central which includes the Head Quarters of Northern Rock stated:  “I’m pleased that the staff and families of Northern Rock now know their jobs are secure after four years of uncertainty and redundancies.  I’m also pleased by the commitments Virgin Money  have given to retain the HQ in Newcastle”.  “Their Chief Executive has written to me to say they have great respect for the heritage and community focus of Northern Rock. I will speak with her and am keen to work with her to ensure Newcastle is at the centre of a vibrant banking business”. “Virgin money have also assured me that they will now extend the Northern Rock contributions to the Northern Rock Foundation to the end of 2013, which provides very important support to many organisations in the North East, which do so much for our communities”. But Ms Onwurah...