If you haven’t seen today’s BBC interview with Lord Myners it’s worth a look.
The guidance I was getting yesterday from a Treasury source was that the government realised that banks needed to pay competitive salaries to their staff (a line echoed by Lord Mandelson today). And it would thus be wrong to crack down too hard on bonuses. Read more
Britain’s biggest union will get its first solo leader next autum and the result could be significant for British politics – because Unite the Union is by far Labour’s most generous donor.
The curious rumour reaches me that Jack Dromey (husband of Harriet Harman) could soon emerge as a surprise candidate. Currently a deputy general secretary of Unite, Dromey is an ardently loyal Labour figure who would ensure a seamless transition. He would not rock the boat. Read more