Quote: Dally "Yes - as I said on this thread to the "merger" with Britannia in early 2009.'"
As far as I can tell there was no Labour party involvement in that merger. Ed Balls supported a
Tory private members bill that allowed the merger of mutual societies with PLC's and that is it. Has that Tory MP got questions to answer as well?
All Ball's did was support a bill the Co-op was in favour of which is hardly a scandal and its what you would expect a "Labour and Co-operative" MP to do. I dare say the other 30 odd Labour and Co-operative MP's were in favour of it as well. Along with the Tory who's bill it was in the first place!
BTW Ed Balls was Education Secretary in 2009 when the merger occurred and the merger was purely a commercial agreement between two parties that unfortunately for the Co-op was a very bad deal.
It also seems none other than David Davis agrees with the very points I made above about the deal to buy branches from Lloyds
So based on that do you [istill [/ithink the Tories will want this to run and run?
It's pretty clear now the smears and an outright lie from Clegg (he has said Flowers himself gave Ed Balls £50K, not the Co-op group) are not only an attempt to score political points but to deflect attention away from Osborne's and the Treasuries failings regarding the Co-op bank since they have been in office.
IMO they are going to look pretty stupid flinging mud now one of their ow senior politicians is saying Osborne has questions to answer.
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