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Alliance & Leicester In Trouble?

Kitchener · 2008-02-29 10:23:51

I've seen reports that A&L are in trouble and may be the next Northern Rock. Any truth to these rumours? If so, what advice regards money in savings accounts with them?

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chesky369 Posts: 2,590 Forumite

29 February 2008 at 6:16PM

In the current circumstances, the government realise that, if they allowed a UK bank to go to the wall, or let its customers lose their savings, they would lose the next election, since 'middle england' would not forgive this. Their reactions with Northern Rock underlined their philosophy, so I would hazard a guess that UK banks are a pretty safe bet for your money.

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Alliance & Leicester In Trouble?

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