Key questions for the study

2  We sought to establish whether the Treasury had achieved its objectives through answering the following key questions:

■  Did the Treasury put in place adequate project and governance arrangements?

■  Did the Treasury evaluate its options well?

■  Is the Treasury managing the transfer of temporary public ownership well?

Methodology

3  Our fieldwork took place between June 2008 and January 2009 and comprised the following methodologies:

■  advisory panel;

■  document review;

■  semi-structured interviews;

■  analysis of Northern Rock's performance after being taken into public ownership;

■  use of a financial consultant.