‘Time for big banks to return favour’

Caley Thistle chairman Ross Morrison is calling on the big banks to play a crucial part in saving Scottish football.

The Championship club’s chief backed a campaign launched by local MSP David Stewart to urge Scottish lenders to charge commercial borrowers only the basic 0.1% Bank of England rate for three to six months amid the Covid-19 pandemic.

Morrison, who took the Caley Thistle helm from Graham Rae last September, reckons it is time for pay-back after those banks were bailed out during the financial crisis more than a decade ago.

He said: “The state bailed the banks out when they needed it. It’s only fair now that the banks should return that favour to ensure the viability of hundreds of businesses in the north, and tens of thousands in the rest of Scotland.”