The Collapse of HBOS

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What caused the collapse of HBOS (Halifax Bank of Scotland) in 2008? Two reports out this week make it clear that senior management at the bank and the regulator - then the Financial Services Authority - were both partly responsible for the events that led to the £20 billion taxpayer rescue. Paul Moore, former HBOS director turned whistleblower, talks to us about events that led up to the banks collapse. The Financial Conduct Authority banned self-certification mortgages in the UK from April 2014. But could they be making a come-back? Ex-payday lender QuickLoans has plans to relaunch them in January - not from the UK but from an as yet unnamed eastern European state. The loans will be supervised by that state's regulator and compensation scheme. A change in National Insurance from next April will mean 5.5 million people in salary related contracted out work based pensions will face an average 15% rise in the money taken for National Insurance. Most are in the public sector and those employers will also face a big hit - an average rise of well over a third in their employer National Insurance contributions. It could cost the NHS alone £1 billion a year. Presenter: Paul Lewis Producer: Lesley McAlpine Editor: Andrew Smith.