Scott: Unbelievable Tory plans direct from the square mile

10.33.00am GMT Sun 21st Feb 2010

Tavish Scott, Leader of the Scottish Liberal Democrats has criticised Tory plans to offer the public discounted shares in state-owned banks.

Mr. Scott campaigned against the disastrous Lloyds TSB/Bank of Scotland merger that has cut competition on the High Street, reduced business lending and left the economy teetering on the edge of another recession.

Commenting, Tavish Scott said:

“Scottish taxpayers have bailed out the banks.

“This bailout means cuts in services like schools, hospitals, teachers and nurses and rising taxes.

“The Tory response is unbelievable. Under them we, who are paying through the nose for bankers’ failures, will be encouraged to pay again for shares.

“Tory economic policy which changes every day, is now firmly in the hands of the bonus takers in London's Square Mile."