Sunderland pensioner urges Theresa May urged to look again at compensation for thousands of Northern Rock shareholders

September 14, 2017
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Campaigners will today urge Prime Minister Theresa May to look again at the case for increased compensation for former Northern Rock shareholders.

Thousands of small shareholders – many of them pensioners and long-term savers – saw the value of their stake in the bank wiped out when it was nationalised ten years ago.

Dennis Grainger

The UK Shareholders’ Association (UKSA) has challenged the terms of the scheme set up by the Government to put a value on compensation for those whose shares were seized when the bank was taken into public ownership.

Campaigners say the Government at the time effectively ‘rigged’ the scheme by declaring that the bank was broke when it was nationalised, rendering shares worthless and reducing the compensation due, and that they have…


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