Aberdeen North Liberal Democrats
OFT report admits HBOS takeover bad news for Scotland
November 4, 2008 12:26 PM
Originally published by Scottish Liberal Democrats
Originally published by Scottish Liberal Democrats
div class=field field-type-text field-field-body div class=field-items div class=field-itempCommenting on the Business Secretary's decision to give the HBOS/ Lloyds TSB merger regulatory approval and the publication of the Office of Fair Trading's report, Leader of the Liberal Democrats Tavish Scott MSP said:/p pspan class=inline inline-leftimg src=http://www.scotlibdems.org.uk/files/images/Tavish-Scott2.thumbnail.jpg alt= title= class=image image-thumbnail width=80 height=100 //span"The Office of Fair Trading has concluded that this takeover, as allowed by the UK Government, is bad news for customers in Scotland. /p p"The OFT makes it clear that personal and business customers in Scotland will lose out the most./p p"This is not a done deal because shareholders have yet to see a proposal. The biggest shareholder of all, the taxpayer, is deeply concerned by job losses and the loss of the headquarters, a view clearly expressed in the Scottish Parliament yesterday. The impact on Scotland, Edinburgh and every town and village will become increasingly apparent."/p div class=image-clear/div/div /div /div
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