George Osborne
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Osborne's Mansion House speech

Chancellor George Osborne has confirmed that he is going to try to sell Northern Rock to a single buyer.

Chancellor George Osborne has confirmed that he is going to try to sell Northern Rock to a single buyer.

He has not rejected other options, but has been advised he will make the most money by selling it in one go.

In his Mansion House speech, Mr Osborne also said that banks should ring-fence retail from investment banking.