At Holyrood yesterday:
Alexander Burnett (Aberdeenshire West) (Scottish Conservative and Unionist Party): To ask the Scottish Government what support it will offer people in Scotland who lost money due to the collapse of London Capital & Finance to seek compensation.
Kate Forbes: This is a stressful time for all who are affected by the collapse of London Capital and Finance (LC&F). The regulation of financial services, including the services your constituent has highlighted, is a reserved matter to the UK Government. Consequently, Scottish Ministers are unable to intervene in the practices employed by financial services companies or in individual complaints.
I know, not all of the investors will necessarily be Tories, but I feel sure the majority are, that ‘his constituent’ is and that few will be anywhere near the poverty line even after this. It’s not a priority for the SG in these times of austerity and punishment of the poor, the disabled and migrants.
Who is Burnett?
Anyhow, why is Holyrood being bothered with this? See this from 3 weeks ago: