Scotland to get a National Investment Bank to help grow the economy and do what the big banks have failed to do
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John Robertson
Scotland to get a National Investment Bank to help grow the economy and do what the big banks have failed to do
You’ll remember the trillions Gordon Brown gave to the big UK banks and his expectation that they would use at least some of that to lend to new and growing businesses. They didn’t. They stashed it away to make their accounts look good and, of course, gave themselves bonuses. Announcing the commitment to a Scottish National Investment Bank, the First Minister neatly summed up the rationale for having one: ‘A significant constraint faced by many businesses with growth potential is…
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John Robertson
Scotland to get a National Investment Bank to help grow the economy and do what the big banks have failed to do