The grovelingly Tory-supporting Telegraph was in the vanguard: “If Labour wins, HSBC exit could be first of many … HSBC, Britain's biggest bank, has announced that it may leave the UK following several increases in the bank levy and post-crisis regulatory changes. Here's why bashing business doesn't pay” they trumpeted. Stefano Pessina of Boots joined in, telling “Ed Miliband would be a 'catastrophe' for Britain”.
The excuses are enough to prompt deployment of a whole nanoviolin: HSBC pleads that the cost of doing business in the UK is all too much, something they managed to keep Schtum on before the poll. Boots, meanwhile, has gone Full Corporate Bullshit on reporters and announced that its own cuts are part of a “Transformation … in response to changing needs of customers and patients”. Yes, we made them do it!
This revelation that the press have been distinctly economical with the actualité did not impress Peter Jukes, who observed “Boots and HSBC job cuts, which @Telegraph reported would only happen if Miliband won election, happened anyway: can I get refund?” The man otherwise known as Mr Ceebs replied “how about those reporters stand and reveal their dishonest sources? Name and shame, live up to standards of Bloggers”.
HSBC not telegraphed by (the) Barclays? Banking on a Tory win.
These Boots were made for walking and that's just what they do. One of these days these Boots are gonna walk all over us.
My town's HSBC branch closed last year. It is now a Fat Face clothing store. My town's branch of NatWest used the HSBC closure to entice people to move their accounts to them. They are now also closing their branch in my town. This leaves only a single bank (Lloyds) which is perenially surrounded by rumours of being purchased by Wetherspoons, and a Post Office that is up for sale...
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