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Rock denies repossessions claim

Just 1% of the cash Northern Rock is using to repay the government comes from repossessions Ron Sandler, the nationalised lender�s chairman said yesterday, but acknowledged it is revising its controversial business plan.

Just 1% of the cash Northern Rock is using to repay the government comes from repossessions Ron Sandler, the nationalised lender's chairman said yesterday, but acknowledged it is revising its controversial business plan.