‘I think the deal stinks’ said one Lloyds shareholder. ‘A lot of people will lose their jobs’, said the former Bank of Scotland CEO. No-one foresaw the full and lasting cost of Lloyds rushed takeover of HBOS in September 2008.
‘Arguably for the first time in the life of the Scottish Parliament, there was a real debate about food’, Celia Nyssens of Nourish Scotland records cross-party unity calling on Scottish Government to deliver a Good Food Nation Bill.
Who has paid the cost in the HBOS crash? Inside HBOS, staff earning £15,000 -£18,000, who were also shareholders, were watching their savings evaporate. Ray Perman continues the story of a banking disaster unresolved to this day.
The events leading up to the crash began in New York, 7 September 2008. A week later the shock waves engulfed Scotland’s oldest bank in Edinburgh.
To mark the tenth anniversary of the financial crisis, Sceptical Scot’s new series focuses on home-made follies; the extraordinary mistakes made by two once revered and typically prudent Scottish institutions: the Bank of Scotland and the Royal Bank of Scotland.
The second Glasgow School of Art fire has become a case study in how not to help neighbouring residents after a disaster. Everyone from the owners of the damaged building to the local authorities need to learn the lessons to make sure we don’t see the likes of this again.
The bike suits her as a way to get around, supporting an injured ankle and allowing her to travel independently under her own steam. “I’m really loving the travelling. I’m comfortable with the rhythm of it, the self sufficiency and transient friendships of strangers meeting.”
Where will the money come from? Who invests in Scotland’s chance to be a world-leader in ‘vertical farming’. Key questions add to the urgency and excitement in the huge potential growing inside a small shed on the edge of Dundee.
‘… were legislation introduced the day parliament returned from the party conference recess, on 9 October, the earliest Thursday on which a referendum could be held would be 28 March – the very day before exit day. Of course, the introduction of legislation so soon is very unlikely, and there is plenty of scope for delays along the way…’
The current domestic debate in the UK thus represents the beginning of the Brexit process, not the end, and it would benefit from a greater understanding of what drives the EU in this process.