HBOS TAKEOVER

Early day motion 2269, tabled 16 October 2008 by Alistair Carmichael (Liberal Democrat). Signed by 18 members.

That this House welcomes the measures taken by the UK and other governments to tackle the current banking crisis; calls on the Government to reverse its decision to make the Lloyds TSB takeover of HBOS a condition of its bail-out funding; considers that the promises of the Lloyds TSB management that only the Scottish headquarters of the merged bank would be retained in Edinburgh a totally inadequate response to Scottish demands and would result in a huge loss of jobs and decision-making powers in Scotland, particularly in Edinburgh and Fife; and calls on the Government to use its stakeholding in HBOS to retain it as an independent bank with its corporate headquarters in Edinburgh and to make this a condition of funding for HBOS.

Signatures by party: Liberal Democrat 16, Labour 2.