Responding to the decision by the Government to nationalise Northern Rock, Councillor Peter Maughan, Liberal Democrat candidate for Blaydon, one of the party’s most winnable constituencies in the North East, said:
“This decision was inevitable and should have been taken last year. Instead, Gordon Brown and Alistair Darling were paralysed by their own dithering. They put off a decision right until the very end. This is hardly a sensible way to run the Government.
“Had Labour followed the advice of Lib Dem Shadow Chancellor Vince Cable last year, the uncertainty that was so damaging to Northern Rock would have been avoided.
“Last year, Labour MPs in the region were incredibly hostile to the whole idea of taking Northern Rock into temporary public ownership.
“I have now written to David Anderson, MP for Blaydon, and one of the strongest opponents of nationalisation, calling on him to abandon his position and back the legislation that will be needed to bring the bank into temporary public ownership.
“I am looking forward to receiving his reply.”