Ron Sandler, the man charged by Gordon Brown with overseeing the running of Northern Rock as a nationalised company, is expected to deliver his much-anticipated restructuring report to the Treasury tomorrow. Independent on Sunday

Sandler is tipped to propose a dramatic culling of vast tracts of the Northern Rock business. It is likely that the bank's lending book will be cut back, while suggestions on how to shore up the firm's lending base will also be made.

It is thought that thousands of jobs in the Rock's North-east heartland are also likely to be slashed on the back of Sandler's suggestions.

Speculation that there are plans to sell off parts of the business was heightened in last Wednesday's Budget, when the Government forecast that £14bn of the estimated £25bn lent to the bank will be paid back in the first year.