Motion · S3M-03989 · 27 Apr 2009
HBOS, Lloyds TSB Merger
The motion
That the Parliament considers that there would be merit in a public inquiry to look into the information that persuaded the Prime Minister and the Chancellor of the Exchequer to set aside the usual procedures that apply to company mergers and takeovers when HBOS and Lloyds TSB were given government support to do so, with a subsequent significant impact on the finance sector and employment in Edinburgh and in spite of the likelihood of the proposed merged bank being in breach of competition law and the cost to the taxpayer, before the shareholders and employees of both banks had been made aware of the full facts of the financial situation of both and before any alternatives had been explored.
Supporters (9)
- Brian Adam 30 Apr 2009
- Joe FitzPatrick 1 May 2009
- Robin Harper 1 May 2009
- Bill Kidd 1 May 2009
- Mike Pringle 1 May 2009
- Sandra White 1 May 2009
- Bill Wilson 1 May 2009
- Dave Thompson 5 May 2009
- Christine Grahame 11 May 2009
Source: the Scottish Parliament motions and amendments record.