Latest editorial
THE government’s sale of a 7.7 per cent stake in the Royal Bank of Scotland was condemned yesterday by the bank staff’s union Unite.
UK Government Investments confirmed the sell-off on Monday, reducing the public holding in the bank to 62.4 per cent.
Unite national officer Rob MacGregor said that the sale — at a loss of £2 billion in the value of shares bought by the British taxpayer in the bank’s 2008 bailout — is “a betrayal of public finances.”
Years of underfunding are eroding Scotland’s local services and deepening inequality in communities, says VINCE MILLS
If the government really wanted to address public finances, improve living standards and begin economic recovery, it would increase its borrowing for investment, argues MICHAEL BURKE
Behind the cute names of Scotland’s road gritters lies a workforce underpaid and overlooked – a fitting reflection of a Budget that protected profits, bungled its rollout and offered hardly a glimmer of hope, writes MATT KERR
