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We need a fighting fund to meet legal and other costs associated with making the appeal to the Competition Appeal Tribunal. If you would like to make a donation, large or small, please click the button below.The Big Question
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News
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02.03.09
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From MAG NEWS
Although the Competition Appeals Tribunal ruled against us, the issues raised by our case continue to resonate, particularly given subsequent events and disclosures. -
02.03.09
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By Carolyn Churchill
Read this article on TheHerald.co.uk
The UK Government is coming under increased pressure to publish a "secret dossier" which is alleged to contain information relating to Lloyds TSB's takeover of Halifax Bank of Scotland.
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02.03.09
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From Editorial Comment
Read this article on TheHerald.co.uk
A lack of confidence has undermined the Government's efforts to kickstart the ailing economy and has perhaps manifested itself most corrosively in the failure of the banks to fill the lending void left by the withdrawal of foreign financial institutions. -
01.03.09
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From Daily Express Online
Read this article on Express.co.uk
The Treasury has been challenged to explain an alleged secret dossier at the heart of the Lloyds takeover of Halifax Bank of Scotland.The call came from Liberal Democrat deputy leader Vince Cable, who has tabled a parliamentary question asking if the dossier still exists, and if its contents can now be revealed.
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28.02.09
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By Tom Peterkin
Read this article on Scotsman.com
THE Liberal Democrat deputy leader Vince Cable is demanding the release of a "secret dossier" which the Government used to help push through the controversial Lloyds TSB takeover of HBOS. -
12.12.08
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By Brian Taylor
Three hundred years of Scottish financial history brought to a stammering close in a Birmingham convention centre.
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12.12.08
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By Jill Treanor
Read the article on Guardian.co.uk
HBOS lost a fifth of its value on the stockmarket today, and other bank shares suffered heavy losses, as it revealed it had suffered a dramatic rise in bad debts over recent weeks.
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12.12.08
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From DailyRecord.co.uk
HBOS SHAREHOLDERS overwhelmingly approved the bank's controversial takeover by rival Lloyds TSB and an £11.5 billion funding boost from the taxpayer.
Based on votes cast before the meeting, the moves were supported by an 84% majority of individual shareholders, and 98% by the value of shares voted.
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11.12.08
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From MAG NEWS
The Merger Action Group said today [Thurs] it felt it had done all it practically could to highlight the widespread public concern over the Government's decision to waive competition law to push through the takeover of HBOS by Lloyds TSB. -
10.12.08
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From MAG NEWS
The Merger Action Group tonight [Wed] said it was disappointed to lose its legal challenge against the Government’s decision to ignore competition law to push through the Lloyds TSB’s proposed takeover of HBOS.
News
Have you found any news articles on the Merger Action Group, HBOS, Lloyds TSB or anything else to do with the Merger? Please forward links direct to MAG NEWS for posting in this news section. All News articles are commentable, please add what your thoughts are on them using the form underneath each article. Please also click the Bookmarks found on the top right of every page and link MAG articles and the MAG website to Digg, Del.icio.us, Reddit, Facebook, StumbleUpon and others. All help to the campaign is greatly appreciated by everyone at MAG. |
| MAG - Issues Raised |
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| Monday, 02 March 2009 15:59 |
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From MAG NEWS
Given your earlier support, we thought you may be interested to know that Vince Cable MP, Liberal Democrat Deputy Leader and Treasury Spokesman, has tabled various Parliamentary Questions regarding the "secret dossier" of evidence used by the UK Government in the CAT, and what it contained. He has asked for the dossier now to be made public and has attracted cross-party support. Additionally, Margo Macdonald MSP has submitted a Freedom of Information request for disclosure of all relevant information regarding the takeover. At the Scheme of Arrangement hearing which ratified the takeover of HBoS, it is reported that Lord Glennie was told "all copies of the "secret dossier" had been destroyed". He therefore did not have the opportunity to satisfy himself, had he wished to do so, that shareholders of both HBoS and Lloyds TSB were aware of any relevant facts contained in dossier. For your information, both banks involved acted honourably throughout the case, and immediately upon conclusion of the CAT informed us that they would not make any claim for costs incurred in putting their evidence to the Competition Appeals Tribunal. The MAG group has also informed the CAT that we will bear our own costs for bringing this matter to the public attention. Despite the continued public interest, the UK Government has indicated it wishes to continue to pursue MAG for costs. We await a decision on this matter from the Competition Appeals Tribunal. Some Newspaper articles which may be of interest:-
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