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The new Minister for Schools and Skills has barely had time to get the seat warm but, if the past is anything to go by, he had better not get too comfortable in the job.
Five per cent of that gives a figure of about £175,000-worth of efficiencies— How will you get them? Through redesigning the regulatory decision-making process.
That is economic madness.Of course, it is not just RBS that is up to those tricks. Lloyds Banking Group is getting rid of 1,300 staff across the United Kingdom, many of them in Scotland.
We need to take bold measures that will assist us in getting that balance right, and I believe that what I outlined yesterday will assist us in getting to that point.