There’s been lots of coverage of the thoughts of Sir John Vickers who is chairing the UK’s Banking Commission.
He is rightly making noises about protecting the economy from investment banking — protection that is only possible by ring-fencing ordinary banking from such activity.
That’s the good news.
The bad news? This would have to get past Osborne — who is a young man with no future in politics after the next election but with ample opportunity to be bought out by banking once he’s out of office for good.
That’s the problem.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
