Forcing break up of Dunfermline building society would be a betrayal - Rennie
March 30, 2009 11:13 AM
Originally published by Scottish Liberal Democrats
Originally published by Scottish Liberal Democrats
Commenting on reports that the Dunfermline Building Society is to be
broken up and sold, local Liberal Democrat MP, Willie Rennie, who has
campaigned to rescue the build society, said:
"Forcing the break up of the Dunfermline Building Society would be a betrayal of its thousands of savers and borrowers over 130 years.
"A deal is there to be done with the mutual sector in the UK which the
Government must make a top priority.
"The UK Government has contributed to the Dunfermline's difficulties by
forcing it to give large sums to help bail out Bradford and Bingley and
the Icelandic banks. Ministers should accept their responsibilities,
rather than simply blaming everybody else.
"I ask the Government at this late stage to defend Scotland's largest
mutual. If ministers refuse, this could put hundreds of jobs at risk.
"The Dunfermline Building Society has been a trusted friend during good
times and bad. Its reputation should not be thrown away at a whim."
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