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Northern Rock nationalisation

Northern Rock’s BoE debt hits £16bn

By Scheherazade Daneshkhu and Jane Croft

Published: October 19 2007 02:53 | Last updated: October 19 2007 02:53

Northern Rock last week borrowed a further £3bn from the Bank of England, it emerged on Thursday, taking the total to about £16bn.

Five weeks after the lender first went to the Bank for support, its weekly borrowing was up from £2.3bn in the week to October 10 and £2.9bn the week before.

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