UK Government plans for an orderly winding down of Bradford & Bingley gained European Commission approval on 25 January 2010. Following the decline of the mortgage and savings provider in 2008 in the wake of the global financial crisis, the Government put forward a Commission-backed rescue strategy to nationalise the bank and split it up while it remained solvent. The sale of the retail deposit book and branches to Abbey National and other rescue measures were subject to earlier approval by the Commission. The latest authorisation of these measures and extends them to cover the liquidation of the non-viable aspects of the business.