It's grim up North

Peter

It's going to be time for the PR peeps at Northern Rock to earn their money over the next few days.

What is most mysterious is why there is absolutely no mention of the Bank of England loan on their homepage and they are still running an internal banner asking users 'Looking for a loan?' whoops.......

No doubt anyone who has a mortgage with them will be hitting the site first thing this morning. I am not sure a state of denial is the best policy. Perhaps the story breaking has caught them out but it seems unlikely as it has been building for a while now.