Scotland’s financial services sector has been condemned to a “lost decade” of zero growth as a result of the near collapse last autumn of its two largest banks, RBS and HBOS, according to one of Scotland’s most influential economic think tanks.
Item Club reveals extent of slump and says output won’t recover until 2015
Scotland’s financial services sector has been condemned to a “lost decade” of zero growth as a result of the near collapse last autumn of its two largest banks, RBS and HBOS, according to one of Scotland’s most influential economic think tanks.