Switch to an accessible version of this website which is easier to read. (requires cookies)

OFT should conduct investigation into Scottish banking sector - Purvis

May 14, 2009 10:17 AM
Originally published by Scottish Liberal Democrats

Liberal Democrat Finance spokesperson Jeremy Purvis MSP has called on the Scottish Government to request that the Office of Fair Trading (OFT) conduct an investigation into competition in the Scottish banking sector.

Mr Purvis has said that the investigation should be based on the concern that the OFT had already expressed in advance of the setting aside of competition law by the UK Government to allow the takeover.

Commenting after speaking in a debate in the Scottish Parliament on the HBOS, Lloyds TSB merger, Mr Purvis said:

"As we will be approaching the anniversary of the HBOS demise in September it is right that the Scottish Government takes the lead in defending competition in retail and business banking in Scotland.

"Small businesses and the Scottish economy need a vibrant banking sector and it will be a tragedy if a long term consequence of state supported banks is a less competitive retail banking sector in Scotland.

"The Office of Fair Trading should carry out an investigation within the year."

Ends.

What would you like to do next?

  • Subscribe for updates

    Read updates from this website in your desktop or online news reader

    • On a news reader website

      •  
      •  
      •  

      In a desktop news reader or a website not listed above

      •  
    • Example monthly digest email
      •  
      •  
      •  
    • If you submit your contact details, the Liberal Democrats and their elected representatives may use the information you provide to contact you about issues you may find of interest. Some of the contacts may be automated. You can opt out of these contacts at any time by contacting


    • Generate different image

    Join our email list

    • If you submit your contact details, the Liberal Democrats and their elected representatives may use the information you provide to contact you about issues you may find of interest. Some of the contacts may be automated. You can opt out of these contacts at any time by contacting


    • Generate different image

    Follow the party's activity on...

  • Share this page

    Share this page on another website

    Email this page to a friend


    • Generate different image
  • Help out or donate

    Help out in your local area

      •  
      •  
      •  
      •  
      •  
      •  
      •  
      •  
      •  
      •  
      •  
      •  
    • If you submit your contact details, the Liberal Democrats and their elected representatives may use the information you provide to contact you about issues you may find of interest. Some of the contacts may be automated. You can opt out of these contacts at any time by contacting


    • Generate different image
  • Tell us what you think

    Send us your views

    • If you agree, the Liberal Democrats and their elected representatives may use the information you provide to contact you about issues you may find of interest. Some of the contacts may be automated. You can opt out of these contacts at any time by contacting us.


    • Generate different image