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22nd September 2009 - Bank Bailouts – Who have they benefited?

This was the provocative headline of an Accord sponsored fringe event at the LibDem conference in Bournemouth on Monday, 21st September.

The event, organised by The Smith Institute (http://www.smith-institute.org.uk) was addressed by:

Colin Breed -  Member of Parliament for South East Cornwall who is a Member of Treasury Select Committee

Phil Jones – Head of Public Affairs at the Consumers’ Association

Ged Nichols – General Secretary of Accord.

There was standing room only as conference delegates (and observers from the Lloyds Banking Group, the Bank of England, the Financial Services Authority and other interested parties) heard three different perspectives on the issue.

A lively question and answer session followed in which Ged spoke passionately on behalf of Accord members. He argued against “dogmatic narrow decisions” that could lead to the break up of the Lloyds Banking Group, cause further jobs misery and fail to meet the wider needs of bank customers, employees and the communities they serve, shareholders (including HM Government) and the wider economy.

Next is a fringe meeting at the Labour Party Conference in Brighton on Sunday, September 27th where Ged will be making the case on behalf of Accord members on a platform shared by the Rt Hon Stephen Timms, Financial Secretary to the Treasury amongst others.

The final fringe meeting will be at the Conservative Party Conference in Manchester on October 5th.

More reports will follow.

Any comments or queries should be referred to info@AccordHQ.org 

 

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