Still in the bankers thrall

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Darling wastes a chance for real change | Noreena Hertz | Comment is free | .

Finally out from behind the shadows of the prime minister, having fought to retain his position as chancellor and won, Listair Darling could have had his moment last night. A moment in which he could have set forth his own bold agenda on how to ensure that the financial sector would never again be able to launch its weapons of destruction on all of us.

Instead, his speech at Mansion House revealed a man all too evidently in that very sector's thrall.

Which just about summarises the problem with the whole New Labour project.