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date: Sun, 26 Oct 2008 09:02:01 GMT,    group: uk.politics.economics        back       
Darling: I won't order banks to save jobs, but they can take their bonuses...   
"I won't order banks to save jobs"

      What about manager's  bonuses?

      ..................................

      Darling: I won't order banks to save jobs



      THE Chancellor, Alistair Darling, has issued a stark warning that
      he will not use his position as chief shareholder of Scotland's two
      biggest banks to force them to keep jobs north of the border or
      to bail out Scottish firms.
      In an exclusive interview with Scotland on Sunday, Darling says that 
the new part-nationalised RBS and Lloyds/HBOS will "have to be run on 
commercial lines" free from Government influence.

      The move means he will not interfere if - as is feared - the new 
Lloyds/HBOS orders job cuts to its huge staff in Scotland or moves its key 
functions elsewhere. Nor will the Chancellor order the banks to lend at 
better rates to thousands of small businesses who say they are being forced 
out of business by the rocketing price of credit.


      More info...
      http://www.scotsman.com/latestnews/-Darling-I-won39t-order.4630279.jp
date: Sun, 26 Oct 2008 09:02:01 GMT   author:   007

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