‘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.
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 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.”
‘Despite its closes and little streets, for locals Edinburgh does not often afford itself to hidden gems. Very rarely does it come up with something you haven’t seen before, or at least not heard of; seldom is there such a thing as a pleasant surprise that isn’t pre-booked in advance’: a meander through the festival art galleries
Gaps between rhetoric and delivery reveal urgent need for joined up thinking in Scotland’s plans for tackling climate change: ‘Scotland must cut emissions to zero by 2050. Increase the 2030 target to 77% and, crucially, commit to actions on integrated policies to make that happen.’
‘The way forward for people of goodwill who genuinely want to solve the conundrum – combating antisemitism while protecting free political speech – is to welcome the NEC Code as the latest incarnation of a living document that constantly requires work’: Brian Klug
‘One thing is clear – the days of a neat division of powers between UK, Scottish and local government are gone. Brexit will paradoxically make these multilevel dynamics very much like those of the regionalised states in the EU27,’ the bead of COSLA office in Brussels writes.
‘The UK could, therefore, be in the process of a fundamental constitutional reconfiguration that partially reverses devolutionary patterns of development of the preceding two decades. This project is taking place in a fashion that is not wholly consensual, and involves the UK government deploying, or at least threatening to deploy, parliamentary sovereignty for purposes of legal coercion.’
An artist’s eye-witness account of Hitler’s first concentration camp where academics, artists and political opponents of Nazism were imprisoned and tortured. An extract from Von Ripper’s Odyssey, Sian Mackay’s remarkable biography, gives a chilling insight into public acceptance of Hitler’s rise to power.
In Part 3 of his essay the author urges an end to utopian thinking: ‘Should we condone people like my father who yearn for Utopia and who believe we should give planned perfection one more try? No, these people are endlessly sailing their boats towards a non-existent goal and are making themselves and the rest of us unhappy.’