SNP TREASURY SPOKESPERSON DEMANDS ANSWERS OVER RBS JOBS LOSSES.

SNP TREASURY SPOKESPERSON DEMANDS ANSWERS OVER RBS JOBS LOSSES.

UK GOVERNMENT HAS ‘DEEP BURDEN OF RESPONSIBILITY'.

SNP Treasury spokesperson, Stewart Hosie MP, has today (Wednesday) written to the Chancellor of the Exchequer expressing his concern over the shedding of 4500 jobs by RBS and seeking answers to the many questions raised by this development.

Commenting, Mr Hosie said:

“It is absolutely imperative that the impact of any job losses is minimised as far as possible.

“It is particularly distasteful that the axe is likely to fall on those who built the bank’s success – and not those responsible for its failure. The fact is, the UK Government now owns the majority of shares in RBS and has a deep burden responsibility to the staff as a result.

“Very real concerns exist over practicalities and that is why I have written to the Chancellor seeking clarification on how many of these jobs will be lost in Scotland and what role, if any, UKFI will play.

“The Chancellor must answer questions over how the UK Government will reconcile its role as majority shareholder with its welfare responsibilities as a government.

“I am pleased that the Scottish Government has committed to sending a PACE team to assist those who may lose their jobs. I am seeking assurances that the UK Government stands similarly ready to help.”