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The Liberal-Conservative coalition agreement involves the setting up of a cabinet committee on Banking which will be chaired by George Osborne; and this committee will set up an independent commission to look into whether the banks need breaking up and how to do it. As the banks collapsed in 2008, I was doing some . . . → Read More: How the banks need to be split up – and how not On the Today programme this morning, Terry Smith, chief executive of the City broker Tullett Prebon, was brought in to explain how the markets would be likely to react to a Labour/Libdem coalition. It is noticeable that the BBC is thoroughly incapable of challenging spokespeople from the City in the way that they would challenge . . . → Read More: The market is in control, not the politicians |
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