Osborne – friend of bankers’, yet again

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As the Guardian notes:

In December 2009 Osborne suggested that one way to make banks make a contribution to society would be to stop them offsetting their losses against tax – a standard practice for the business community.

It is, of course, an idea I have been promoting.

But Osborne has abandoned it now he's in office. He has now, of course, to keep his future employment options open since he's a one term Chancellor.