Lloyds Banking Group "Bullies" Lloyds TSB Foundation and Threatens Future of Scottish Charities

The motion

That the Parliament notes with regret that, with reference to motion S3M-5377 lodged on 8 December 2009, Lloyds Banking Group (LBG) has now served notice to terminate its covenant with Lloyds TSB Foundation for Scotland; further notes that LBG took this action before the foundation had responded to its offer to halve the share of pre-tax profits given to the foundation to 0.5% in return for short-term funding and believes that the conditions placed on this offer would also have removed much of the foundation’s independence with respect to choosing its beneficiaries; deplores LBG’s refusal to approve the trustees’ unanimous vote to reappoint the foundation’s chair for another year; recognises that Lloyds TSB Foundation for Scotland is one of Scotland’s largest independent charitable foundations and provides invaluable support to charities across Scotland; is deeply concerned by the LBG’s behaviour toward the foundation, described by the latter as bullying; regrets its reported attempts to take advantage of the foundation by forcing it to accept a proposal that is not in the best interests of the foundation or the charities that it supports; congratulates the foundation for taking a stance against such behaviour, and applauds the foundation’s commitment to continue to support charities across Scotland for the next 25 years and beyond.


No recorded vote on this motion. Most motions are never debated, and many that are debated are agreed without a division. Vote records are published from 2011.

SNP 10 Lab 2 LD 2 Green 1

Party shown is each supporter’s party when the motion was published.

No contribution in the Official Report cites S3M-05826 by reference.