Lib Dem bigwig hurries to harry Hornby
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The Liberal Democrats weren't slow to put the boot in when they heard the news that chemist Alliance Boots was in talks with former HBOS boss Andy Hornby, with a view to appointing him as chief executive.
Almost immediately a searing statement flashed over the wires from Lib Dem Treasury spokesman Lord Matthew Oakeshott.
"Private equity asset strippers have taken over Boots and loaded it up to the eyeballs with debt," he sniped.
"They should learn the lessons of HBOS' collapse under Hornby and pay off their borrowings in order to make Boots strong again."
The surprising thing about the statement was that it came from Lord Oakeshott rather than party rent-a-quote specialist Vince Cable, but he was probably otherwise engaged preparing excuses in anticipation of his party's pathetic performance in the European elections that weekend.
Source:
Lending Strategy
