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Business people need to know that there is someone whom they can work with over a long period of time. There was a day when the bank manager was the friend of small business, but that situation has now changed beyond all recognition.
Although the project has been extremely successful, it will be legally obliged to file for bankruptcy in five days' time, as it has not received the piece of paper that it needs from the Executive in order to borrow from the banks until the promised Executive money arrives.
On Tuesday evening, I attended a very good dinner of Scots beef at Glasgow city chambers, in order to hear Mr Eddie George, the governor of the Bank of England, deliver a speech on the economy.
It is hardly surprising that the chancellor, the previous chancellor and the chairman of the European Central Bank are all out of step with George.The Executive's document contains some excellent ideas.
The amount of money that is spent on advertising cigarettes is relatively small compared with the amount that is spent on advertising detergents, cosmetics, toiletries, cars and banks. The biggest advertiser in the UK is the Government.
It has been said that, in Scotland, we are more likely to discuss our debts and our bank balances than infertility. Infertile people naturally do not like to talk about their problem, not even to close family in many cases.
HS has adopted the tack of managing capital charges centrally, which illustrates the emphasis that I put on the role of senior management. The cash balances—the bank account—have always been managed centrally, and that will continue to be the case in Historic Scotland.