First Minister Mr. Alex Salmond expressed that there is a possibility of a positive result for Scotland after Llyods TSB’s takeover of Scotland-based HBOS. Mr. Salmond was on his way to make a presentation to Llyods TSB top brass and highlighting the advantages that Scotland could offer as a business hub.

A meeting of the Council of Economic Advisers of Scotland was held last Friday for discussing the £12.2bn takeover of HBOS. Efforts are being made both by the government as well as business leaders to keep as many jobs as possible in Scotland along with the decision making powers.

Scotland is second only to London when it comes to being a financial hub in the UK. It has more than 50% of the 20 leading financial companies having important operations over there. Besides the existing workforce, there are more than sixty thousand students pursuing higher and further education in the field of business and finance.

The merger proposed of Lloyds TSB with HBOS depicts an important and major change and also provides an opportunity to put forward a strong case for securing jobs and decision making functions for Scotland.
Scotland has been the best place in the UK for attracting jobs in the financial services sector during the past years with lower operating costs without compromising on the quality of work or service.

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