For Real Independence and a Scotland of Equals
SCOTIA FUTURE CALLS ON SCOTTISH GOVERNMENT TO SET UP NATIONAL CREDIT BANK AS BRAND NAMES FLEE THE HIGH STREET
Mr Chic Brodie, Former MSP for South of Scotland, and Leader of Scotia Future, Scotland’s new party for real independence and a Scotland of Equals, has written to the Scottish Government’s Finance Secretary, Ms Kate Forbes MSP, calling on her to initiate discussions with the Credit Union network across Scotland with a view to establishing a National Credit Bank. Mr Brodie said:
“Scotia Future is a communitarian party, a party that values the contribution of all in society equally, yet here we are in 2020 in a Scotland where only weeks ago the TSB, one of the most prolific high street banks, announced a massive closure programme of its high street branches, threatening to undermine small businesses and the digitally excluded.”
“I have written to Ms Kate Forbes, the Finance Secretary, calling on her to look at arranging a Credit Union Summit for all of Scotland, with a view to establishing a National Credit Bank, a bank which would operate on the best practices shown in the Credit Union movement and link up these unions across Scotland to fill the gaps left by the likes of the TSB.”
“This is not just about one particular High Street bank. It is believed that some banks such as the HSBC are considering ending free banking and charging for transactions and current accounts. As more and more ATM’s begin to charge for withdrawals these overall trends will hurt small businesses, the less affluent, the elderly, and those with no access to digital technology.”
“Considering how public funds bailed out the High Street banks less than fifteen years ago it is sad but not surprising how our communities are being abandoned. But Scotia Future envisages a better and more co-operative Scotland, and the emergence of credit unions over the last few decades are a key part of the social economy which must be nurtured for the common good.”
Contact – Mr Chic Brodie – 07824 456140.