In a move that can be only described as headline grabbing, the Tories say they may vote against the emergency bill published yesterday to nationalise Northern Rock, the nationalisation is planned to be law by Thursday.

Why the Tories want to block putting this to bed is beyond me. The UK mortgage industry has been sedated since September and will continue to be until this is put behind us once and for all. Allow the country to move on.

With the Lib Dems and Labour supporting the nationalisation, the Tories appear to be just trying to get heard.

One rumour that I am not supporting however is that Northern Rock will be puting up customers mortgage interest rates to drive people away from the Bank and erode the £100 Billion soon to be state owned Mortgage Book - I can’t see how this can be deemed to be Treating Customers Fairly - which is the new directive from the Government controlled regulator the Financial Services Authority (FSA).

Vince Cable is the guy who has been on the money and echoed Trumpo opinion since September, I would be really interested to hear his comment on this one?

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