Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 9
9
Paragraph: 34
We are concerned that a firm involved with the discredited HBOS Reading scandal is involved...
Conclusion
We are concerned that a firm involved with the discredited HBOS Reading scandal is involved with the Historical Shortfall Scheme, and that the Post Office Ltd. (POL) CEO was unaware of the issues surrounding the HBOS compensation scheme. Though Herbert Smith Freehills may have experience in establishing such schemes we are not reassured by the Minister or the POL CEO’s arguments that the issues associated with the HBOS scheme do not necessarily question their role in the Historical Shortfall Scheme.
Paragraph Reference:
34
Government Response
A response document is linked to this report, dated 27 April 2022. Response attribution to this conclusion has not been verified. Read the response document ↗