SNP DEMAND CLARIFICATION ON DUNFERMLINE DEAL.

SNP DEMAND CLARIFICATION ON DUNFERMLINE DEAL.

CATALOGUE OF QUESTIONS FOR TREASURY AND FSA

SNP Treasury Spokesman, Stewart Hosie MP, has demanded answers from the UK Government after it emerged that a Scottish-led consortium was interested in a merger with the troubled Dunfermline Building Society, but was denied the opportunity to make a full bid.

Commenting, Mr Hosie said:

“The possibility of alternative bidders - including a Scottish based bid - that could have seen HQ functions and jobs remain in Scotland is something that all parties should have been aware of prior to the deal with Nationwide.

“Revelations of a possible bid from a Scottish-led consortium and the speed at which decisions appear to have been made only add to the catalogue of questions that the Treasury and the FSA must answer.

“There is a certain feeling of déjà vu over the Dunfermline deal in the sense that, just like HBOS, this is another Scottish institution which appears to have been sold off in haste without a thorough examination of the options.
“The FSA, the Treasury and the Dunfermline must reveal what offers where on the table and when."