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Buy-out will have a knock-on effect for borrowers

The long-suffering shareholders of Northern Rock will likely receive a pittance in compensation in the wake of Chancellor Alistair Darling's announcement yesterday that the beleaguered mortgage lender is to be taken into temporary public ownership.

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MARK SMITH, Deputy Business Editor

The long-suffering shareholders of Northern Rock will likely receive a pittance in compensation in the wake of Chancellor Alistair Darling's announcement yesterday that the beleaguered mortgage lender is to be taken into temporary public ownership.