THE decision by the RBS Group to build a new, £220 million, American headquarters - inadvertently leaked only days after the Queen opened the bank's magnificent new Edinburgh headquarters - should be welcomed rather than taken as a vote of no confidence in Scotland.We should be pleased that Scotland is the home of one of the world's largest and most dynamic of banks.
Nevertheless, one can't help thinking that the Royal may want to keep its headquarters options open just in case Jack McConnell opens his stupid mouth again:
Or is the real Jack McConnell the one who reportedly branded two business leaders who had the temerity to criticise the Scottish Executive’s policy “idiots?”
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Bill (Scotland)
RBS has pretty major investments in North America so it seems reasonable for them to have a major administrative presence there, so they will need a suitable building to house all these people.
Rather as with HSBC, that other great and dynamic international/British financial institution, RBS has grown much larger than its home economy. This should be celebrated, not criticised.
19 September 2005, 12:11:59 GMT+01:00
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