Scottish news bulletin: 12th February 2009
All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined.
Financial Services Authority/HBOS: Gordon Brown’s handling of the financial crisis yesterday was called into question after the sudden resignation of Sir James Crosby, who he had appointed as a top City watchdog for the FSA. It is reported that concerns about the risks HBOS were taking were raised to the FSA as early as 2002. (Scotsman page 8, Herald page 8, FT page 2, page 3, Guardian page 1, Telegraph page 1, page B1, Press and Journal page 5, Courier page 10, Mail page 6)
Recession: Bank of England governor, Meryvn King, warned yesterday that the UK was in a ‘deep recession’ and that fresh rescue measures might have to be taken soon as interest rate cuts lose their impact. (Scotsman page 10)
Financial Institutions: In the aftermath of the Treasury Select Committee investigations, Peter MacMahon comments in the Scotsman on the financial institutions and the need for overall structural change. (Scotsman page 31)
Energy jobs: Up to 50,000 jobs could be at risk in the UK oil and gas industry over the next two years because of the credit crisis and global recession. (Press and Journal page 1)
Drug Use: Nearly 40,000 drug addicts in Scotland are spending state benefits on heroin, cocaine and other illegal substances, a NHS survey has revealed. (Scotsman page 14)
Edinburgh Airport: Edinburgh Airport’s owner yesterday insisted that it would press ahead with a £40 million extension, despite fears the company will be forced to sell it off. (Scotsman page 18)
PFI Ban: Steven Purcell, the head of Scotland’s largest council in Glasgow, has called on the Scottish Government to rethink its opposition to using private finance deals in order to kick-start vital infrastructure projects. (Scotsman page 32)
Superbugs: An action plan to tackle hospital infections such as MRSA and C Difficile has received cross-party backing from MSPs. The Scottish Parliament will debate today how to cut hospital superbugs following a 15 point plan produced by infection experts for the Labour Party. (Scotsman page 12)
Western Isles: Up to 17 island primary schools could close because of falling school rolls and the poor state of school buildings in the Western Isles. Councillors have decided to conduct a public consultation exercise but insist no particular school has been selected for closure yet. (Herald page 12)
SNP Local Income Tax: Finance Secretary John Swinney withdrew plans for a local income tax to replace council tax yesterday in a surprise statement in Parliament. The Finance Secretary admitted to MSPs that he did not have enough support at Holyrood to get a flat-rate increase in Scottish income tax of 3p in the pound through. He said the controversial plan would be shelved until after the next election. (Scotsman page 1, Herald page 1, Times page 1, Telegraph page 1, Press and Journal page 10, Courier page 1, Record page 2, Daily Mail page 1, Sun page 2)
Borrowing Powers: George Kerevan comments in the Scotsman on the need of borrowing powers for Holyrood and describes the German borrowing model as a good example. (Scotsman page 24)
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