Ian Fraser
@Ian_Fraser
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Journalist and author of Shredded: Inside RBS The Bank That Broke Britain. ‘Read it & weep,’ Martin Wolf.
Edinburgh, Scotland, UK
Joined November 2009
The latest edition of my book Shredded: Inside RBS, The Bank That Broke Britain (@BirlinnBooks, May 2019) is now available in paperback and Kindle. This fully revised and updated edition includes four new chapters. #NatWest
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RT @bmay: Absolutely repulsive. People should be jailed for this. What kind of fucking country are we.
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RT @L__Macfarlane: What subsidies does the oil and gas sector receive exactly? More than you think . Depending on measurement, the sector b….
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RT @Ian_Fraser: “This is a story of profound corruption at an organisation owned and overseen by the government. It’s deeply shocking”. L….
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RT @RNW_MITCHELL: Talking of Criminal ‘Misconduct at Work’ at RBS GRG @NatWestGroup . Stuart Holloway Trial off to 5th Jan . Word is that n….
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Honoured to see ‘Shredded’ placed between @JeffreyToobin’s ‘A Vast Conspiracy: The Real Story of the Sex Scandal That Nearly Brought Down a President’ and Mark Greengrass’s ‘Christendom Destroyed: Europe 1517-1648’!.
And as I have closed the door, here are some new fave raves and collections of books I really have enjoyed and rated with authors like @pd_smith @Ian_Fraser @Iain_MacGregor1 @rorycarroll72 @RobBurl and the son of @WritingFactory (no slouch himself at ye olde wordsmithing)
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“In addition, we have not been able to verify the details published,” admits the Telegraph, on its sob story about the £345k-a-year “investment bankers” Al and Alexandra Moy, and their children Ali, Harry and Barry, being forced to cut their holidays from five to four a year.
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Documents reveal that H.M. Treasury, under former chancellor George Osborne, exerted “pervasive” influence over NatWest’s global restructuring group amid the systematic abuse of small business customers. #RBS #ICYMI.
documents reveal @hmtreasury under George Osborne exerted "pervasive" influence over RBS's global restructuring group #GRG amid the systematic trashing of small business customers
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This Twitter account is to become largely dormant from Monday, 20 January 2025. To continue to follow me, please go to Bluesky or LinkedIn.
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Revealed: the FCA is now so “captured” by the finance sector, it no longer bothers to protect consumers. Damning report by cross-party group of MPs and Lords accuses UK financial regulator of being “incompetent at best, dishonest at worst”. @josiahmortimer.
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MPs’ report concludes that financial regulator FCA is “incompetent at best, dishonest at worst,” that its actions are “slow and inadequate,” that its leaders are “opaque and unaccountable,” and that too often it fails to perform its functions.
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The FCA has been slammed as defective by its own staff. MPs conclude the FCA is “opaque and unaccountable,” has a “defective culture”, is slow to act and even slower to admit mistakes, and is too close to banks and finance firms it regulates. @jameshurley.
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Excoriating report by MPs. Based on the testimony of 175 whistleblowers, former employees and current staff, they conclude that the FCA, led by CEO Nikhil Rathi, is “incompetent” and its transformation plan is a “failure” @CharlieConchie
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Talk about embellishing a CV: Rachel Reeves and the five false claims she has made about her career, including that she was “an economist” at Bank of Scotland. @TomWitherow
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“There’s going to be a day of reckoning. the US is 67% of the world [and] it’s very near the top. That’s going to drag down all the passive funds when it bursts. To me all the red lights are flashing.” . 📽️ Antony Bolton talk and Q&A at @EdinburghLoM.
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“All the lights are flashing red” for US equities at the moment, said Anthony Bolton. Speaking at @EdinburghLoM this evening, the former Fidelity Special Situations fund manager suggested index-tracking funds are exacerbating the situation.
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RFKJr 2014: “You have to be hypervigilant. as soon as you take your eye off the ball, people like Donald Trump are going to move in to corrupt democracy, twisting it so it serves their private economic interests rather than the public interest or interests of future generations”
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Jeremy Clarkson doesn’t come out of this well. He denies having bought 1,000 acres of Oxfordshire farmland as a tax dodge (to avoid inheritance tax - which is what he told The Sunday Times in 2021) claiming instead: “I wanted to shoot. That’s even worse to the BBC”.
“So it’s not about you, it’s not about your farm and the fact you bought a farm to avoid inheritance tax?”. @vicderbyshire speaks to Jeremy Clarkson at the farmers’ protest in Westminster where thousands of farmers are protesting the government’s inheritance tax plans.
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Chancellor Norman Lamont then extended the tax loophole, increasing agricultural property relief from inheritance tax from 50% to 100% in 1992—rendering farmland even more attractive to non-farm investors and further driving up farm land prices.
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Tax expert Dan Neidle: “Most of the cost of [the partial removal of agricultural property relief from inheritance tax] will be borne by a few very large estates. So let’s drop the hyperbolic fake statistics.” #FarmersProtest.
And the data shows that most of the cost of the tax increase will be borne by a few very large estates. In 2022 2% of agricultural estates - just 37 - claimed an average of £6m. That's what this is really about - not 70,000 farms. So let's drop the hyperbolic fake stats.
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The Fire Brigades Union has written to the Israeli ambassador @TzipiHotovely, demanding that Israel releases a fire engine donated by Scottish firefighters to Palestine.
Israeli authorities have impounded a fire engine donated by Scottish firefighters to aid Palestinian firefighters. Yesterday, we went to the Israeli Assembly to deliver a letter demanding the fire engine is released. Firefighters must be able to protect and save lives.
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