Plus HFSB’s Borges on modifying the EU directive
Some people see conspiracy, others see cock-up. The best tale from the Conservative Party conference was that Gordon Brown’s eye problem – two injuries in the retina of his right eye, while his left has no vision – was a carefully orchestrated first move. This was to be followed by his stepping down for ill health, his substitution by a more electable party member and victory by the Labour Party in a spring general election.
A delicious tale. As absurd as the posturing by the parties about a windfall tax on the banks. It feeds popular anger about (some unjustifiable) bonuses, but would be deeply counterproductive. Not only are two of the largest banks, Lloyds and RBS, government controlled, but all banks need to restore their balance sheets and produce profits to help move the economy out of recession.