Daily Archives: October 29, 2008

Will Westminter follow the lead of the US congressman who has forced nine big US banks to declare the size of bonuses awarded to all their staff?

As he issued the order, the tenacious Henry Waxman questioned “the appropriateness of depleting the capital that taxpayers just injected into the banks through the payment of billions of dollars in bonuses, especially after one of the financial industry’s worst years on record”. Read more

Here are George Osborne’s views — stated less than two weeks ago — on irresponsible politicians (i.e. Vince Cable) who call on the Bank of England to slash interest rates:

I do not think that it is particular sensible either for politicians speaking from the frontbench to call on the Bank to cut or increase interest rates. Indeed, I make it a practice not to comment on them.  Read more