Author: Ray Perman
How Lloyds swallowed HBOS hook, line and sinker
‘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.
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Life savings lost in HBOS crash – Apocalypse Now: Part 2
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.
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Apocalypse now and then…ten years after HBOS crash
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.
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Growth commission: an answer to the wrong question?
The SNP hopes its Sustainable Growth Commission report will restart the national debate on independence? Richard Murphy describes it as disastrous, the Fraser of Allander Institute sees much for all parties to discuss (with or without independence in mind). Ray Perman thinks it will be forgotten fairly quickly.
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Red Queen policymaking
The Programme for Government is full of detailed initiatives to support and encourage everything from manufacturing in the West Highlands to tourism in Ayrshire. Mostly it is a description of what is already being done, but where’s the evidence for what works, asks a former government adviser.
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