David Fleming, Unite
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Unite on Northern Rock sale to Virgin Money

Northern Rock is being sold to Virgin Money for £747m, the government has announced.

The bank was nationalised in 2008 following its near collapse at the onset of the global credit crunch.

Speaking to the BBC, David Fleming, national officer for the union Unite said "at the moment we are cautiously optimistic (about the takeover)".

  • 17 Nov 2011