UK Government guaranteees Northern Rock funds

The transcript discusses the financial instability surrounding Northern Rock, with the Chancellor and the Bank of England offering reassurances to depositors. The government guarantees all existing deposits, aiming to prevent a broader banking crisis. Despite these measures, Northern Rock's share price plummeted, affecting other banks like Alliance and Leicester. The transcript highlights the importance of public confidence in the banking system and the government's role in maintaining stability.

What concerns did the chief executive of Northern Rock express in his message to customers?

What was the general sentiment regarding the safety of deposits in Northern Rock as expressed in the text?