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Page last updated at 09:26 GMT, Friday, 18 May 2012 10:26 UK

Peston: Northern Rock loss not 'disaster' for taxpayers

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A report published by the National Audit Office into sale of Northern Rock reveals that the government is likely to lose £2bn overall by the time all the assets are wound down.

The BBC's business editor Robert Peston says the loss is its not "what you would call a disaster for taxpayers" but he points out that it is "yet another example of how the financial crisis has imposed a burden on all of us".


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