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Salmond calls on economic experts | Salmond calls on economic experts |
(1 day later) | |
First Minister Alex Salmond wants to harness the country's "economic firepower" in his campaign to protect HBOS banking jobs in Scotland. | |
Mr Salmond will ask the Council of Economic Advisers to help him persuade Lloyds TSB of Scotland's advantages when the £12bn takeover takes place. | Mr Salmond will ask the Council of Economic Advisers to help him persuade Lloyds TSB of Scotland's advantages when the £12bn takeover takes place. |
It comes ahead of a meeting between the Scottish Government and the bank's chairman Victor Blank. | It comes ahead of a meeting between the Scottish Government and the bank's chairman Victor Blank. |
The Council of Economic Advisers will meet at Dumfries House in Ayrshire. | The Council of Economic Advisers will meet at Dumfries House in Ayrshire. |
It is chaired by former senior banker Sir George Mathewson and features Nobel prize-winning economists among its members. | It is chaired by former senior banker Sir George Mathewson and features Nobel prize-winning economists among its members. |
'Competitive advantage' | 'Competitive advantage' |
Mr Salmond said he hoped the organisation would provide evidence and arguments to support the case to retain headquarter functions and jobs at the Bank of Scotland. | Mr Salmond said he hoped the organisation would provide evidence and arguments to support the case to retain headquarter functions and jobs at the Bank of Scotland. |
He said: "As decisions are being planned that will define the shape of that organisation, and the future of Scottish jobs and decision making, we must make a clear and united case for Scotland as a world-class business base. | He said: "As decisions are being planned that will define the shape of that organisation, and the future of Scottish jobs and decision making, we must make a clear and united case for Scotland as a world-class business base. |
"This is the time to harness the intellectual firepower at our disposal to promote Scotland's competitive advantage." | "This is the time to harness the intellectual firepower at our disposal to promote Scotland's competitive advantage." |
It will be the fourth meeting of the council, which was established to advise the first minister directly about the best way to improve Scotland's sustainable growth. | |
Labour had demanded public access to the meeting in the national interest, but the call was rejected by the SNP. | Labour had demanded public access to the meeting in the national interest, but the call was rejected by the SNP. |
Lloyds TSB is to take over HBOS in a deal which will create a banking giant, holding close to one-third of the UK's savings and mortgage market. | Lloyds TSB is to take over HBOS in a deal which will create a banking giant, holding close to one-third of the UK's savings and mortgage market. |
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