Jim Spowart, founder of the internet bank Intelligent Finance, said the takeover would lead to competition issues in retail and business banking, car and home insurance, and mortgages.
Backing The Scotsman's call to the OFT, he
said: "Scotland is going to be affected because of a lack of choice.
The 100,000 job losses in Scotland was quoted by Jim Spowart, founder of the internet bank Intelligent Finance, on Politics Scotland.
That is because of a collapse in business for accountants, ad agencies, IT service industry etc.
So Jim Spowart
is hysterical and ill-informed?
"The 100,000 job losses in Scotland was quoted by Jim Spowart, founder of the internet bank Intelligent Finance, on Politics Scotland.
So Jim Spowart
is saying that two thirds of all the jobs associated (many not even wholly dependent) with the financial sector are going to go just because HBOS
no longer has an HQ on the mound.
Bearing in mind that BoS was the smaller partner in the merger with Halifax and that many of the executive work of HBOS was carried out within the Halifax aspect anyway, one has to conclude that Jim Spowart's comments were indeed hysterical.
"I thought it was interesting listening to Jim Spowart, founder of Standard Life and Intelligent Finance, on Sunday's The Politics Show on BBC Scotland.
offered the view that if the HBOS
merger with the Lloyds TSB
happened it could break the Treaty of Union between Scotland and England.
Spowart has been a long-time advocate against Scottish independence, so his views should be taken as a warning to Unionists over the proposed bank merger.
estimated that around 100 000 jobs in Scotland, primarily in the central belt, could be lost if the proposed merger happens.
Maybe so, but Spowart
is a reputable guy.
"Maybe so, but Spowart
is a reputable guy".
Maybe so but, as your earlier post pointed out, he
has a political agenda as well.