Sir Fred

if the banks have been 'nationalised' as we were told they had been then what exactly is going to happen to the Pension Scheme for Royal Bank of Scotland. Why have the assets not been taken over and the payment of pensions controlled by the state.

Lord Myners apparently used to be in some sort of banking. Well my pension entitlement was always at the discretion of the Trustees. I could quote you from my pension booklet if you like but trust me, everything is at the discretion of the trustees.

As for the Board who approved these arrangements surely they should be named and shamed.

Mind you I do find it a bit galling the Prescott comments, could not the same be said of him bearing in mind his less than noble activities in the past.

I think that Sir Fred has brought the company into disrepute, I don't know of anything more disreputable for a bank than to become effectively bankrupt. Surely that was grounds for instant dismissal, again though it is very difficult for somebody to define reputable. Could not some ministers be charged with bringing parliament into disrepute, for example reading some papers without absorbing what was said in them, refer to the Hutton speech to parliament yesterday on Iraq.