Tory Govt Must Intervene in Publicly Owned RBS After Latest Claims

By Reporter, The HighLand Times, Monday May 14 2018

Pictured: Kate Forbes at RBS Kyle Branch.

The Tory government has been urged to urgently intervene in taxpayer-owned RBS after it emerged that its chiefs let down communities by telling a Westminster committee that they do not have targets for getting customers to start using digital banking services - with leaked documents revealing this morning that the targets do exist.

The news is the latest in a long list of problems for the majority taxpayer-owned bank – which the Tory government has consistently refused to intervene on in order to support customers and communities.

The bank has already come under fire for a round of damaging local branch closures, as well as secretly cutting the amount of time communities have to access mobile banks, with no action from the Tory government, despite RBS remaining 73% owned by taxpayers.

Commenting Kate Forbes said:

“This is yet another troubling revelation which RBS chiefs have to answer to - and it's time the Tory government got a grip of this taxpayer-owned bank.

"The bank is 73% owned by the taxpayers - it is the UK government's responsibility to sort this mess out.

“They can't just stand idly by and let local services be slashed.

“Just last week they told the Westminster Scottish Affairs committee that the digital banking targets didn’t exist – yet now a leaked document reveals that they do.

“It’s just the latest problem of RBS’s own making – from closing lifeline rural branches, often the last bank in town which they promised not to close, to the recent stealth cuts to mobile banks.

“RBS are letting down communities across Scotland.

“It’s high time the Tory government stepped in to save local banking services – their inaction to date has been appalling and a complete dereliction of their duties.”



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