Clive May and RBS update – Farcical!

Mixed messages from the mandarins and the Bank

The spirit of Yes Minister is alive and well, it seems. When The Timeshighlighted a case of a contentious Royal Bank of Scotland loan to a small Welsh company that came with a taxpayer-funded guarantee, Westminster’s finest in the business department promised that an independent review would be conducted. Recent inquiries reveal a change of heart, with the department stating that Royal Bank of Scotland would be allowed to resolve the dispute by paying for “mediation” between itself and its disgruntled customer.

A shame, then, that no one told RBS. Correspondence from Andrew Armbrister, head of business support at the bank, shows that it has no intention of coughing up. So where does that leave things? The government is “considering an independent review”. Sir Humphrey would be furious.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: