Northern Rock to be Nationalised

sunshinejoclaire

baby_boomer wrote: »

Oh yes it does.

How many jobs could the government create by investing £25bn of taxpayers money in other areas of the economy? Far more than the paltry 6,000 employed by NR. That's over £4m of our money per job. Workers in other failed British companies can only drop their jaws in total amazement.

The annual net interest from the taxpayer's investment is £160,000 per employee compared to an average NR wage of around £25,000.

The main reason why the government will keep NR going is to keep the final bill from the taxpayer until after the next election. I gather that they have been trying to keep MPs from finding out the bill to the taxpayer on the grounds that such information would be detrimental to NR as a commercial organisation.

I'd love to know where you got your info from - my OH, his colleagues and managers don't earn nearly that much...

sunshinejoclaire

bristolleedsfan wrote: »

:eek: Nationwide BS have been advertising for customer advisors with a salary range of something like 11000-14000, Life must be good up North. :eek:

( Perhaps the stated average NR wage covers the levels from very top -very bottom. :think: )

That sounds much more like it

bristolleedsfan

sunshinejoclaire wrote: »

That sounds much more like it

I noticed today job ad on window of Nationwide Branch, salary range was late 11000s - late 14000s, says package worth 19000.

My local Nationwide Branch seems to employ mostly part timers, all the cashiers/customer advisors say they only come in for a few days when i mention that ive not seen them before.

sunshinejoclaire

My OH doesn't work in a branch, he works in one of the big offices

Edited to clarify - My OH works fro Northern Rock, not Nationwide, and certainly earns nothing near 25K. I wish he did

bristolleedsfan

sunshinejoclaire wrote: »

My OH doesn't work in a branch, he works in one of the big offices

My OH works for Northern Rock

For now , Possibly until after the next General Election.

frank_potter

bristolleedsfan wrote: »

Darling Opens New NR Branch.

http://www.anorak.co.uk/wp-content/uploads/northern-rock2.jpg

GORDON BROWN - millstone no.1 ?

http://www.anorak.co.uk/wp-content/u...rock-brown.jpg


NEW LOGO

http://www.anorak.co.uk/wp-content/u...e1a70d7e_o.gif

MICHAEL OWEN - new sponsors ?

http://www.anorak.co.uk/wp-content/u...chael_owen.jpg

CREDIT CRUNCH

http://www.anorak.co.uk/wp-content/u...dit-crunch.jpg

I like the “CREDIT CRUNCH” one in particular.

“The “Free Helicopter” of course referring to Ben Bernanke commenting in 2002 that he would drop dollar notes from a helicopter if necessary in order to keep the US economy going.