GLEN MORENO SPECULATION THAT HE MAY RESIGN OVER ALLEGED TAX AVOIDANCE.
MORENO SPECULATION – “DOWNING STREET DOMINOS FALLING FAST”
YET MORE EVIDENCE PILES UP AGAINST “CULPABILITY BROWN”
SNP Treasury spokesperson, Stewart Hosie MP, has commented on speculation that Glen Moreno – the financier appointed by the Gordon Brown's government to manage taxpayers' shareholdings - may be removed from his post amid controversy over alleged links to tax avoidance saying such a move would be yet more evidence that places serious questions over Gordon Brown's judgement and his culpability for the present economic downturn.
The speculation follows the resignation of Sir James Crosby – one of Gordon Brown's key advisors - after revelations that he sacked a whistleblower who warned that banks were heading for disaster when he was chief executive of bank HBOS. Sir James was knighted on the recommendation of the UK government, and later appointed as deputy chairman of the FSA.
The warnings by the HBOS whistle blower reflect similar warnings given to the FSA and the Prime Minister about Icelandic banks months before the UK Government took any action - and which is now seen as being so heavy handed it precipitated an even more rapid collapse.
Commenting Mr Hosie said:
”The Downing Street dominos are falling fast, and Gordon Brown's judgement is now increasingly in question.
”It is just extraordinary that the UK Government failed to carry out due diligence in the appointment of key figures, and now the chickens are coming home to roost.
"The evidence is piling up against 'Culpability Brown'. Until now the main charge against Gordon Brown had been his role as Chancellor in the decade when many of the failures in the financial sector developed.
"But the events of the past week cast real doubt over his government’s ongoing handling of the financial crisis.”
More information regarding this official press release,
Links to news articles showing how the FSA and Gordon Brown were warned about the Icelandic banks months in advance can be read here:
FSA was warned not to allow Kaupthing to take over Singer
http://business.timesonline.
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