Tag Archives: vickers commission

Vince Cable – “we’re reforming UK’s banks, and we’re getting on with it”

Liberal Democrat Business Secretary confirmed yesterday that the Government would accept, in full, the recommendations of the Independent Commission on Banking (ICB) Chaired by Sir John Vickers (see this video to see for yourself).

Anticipating Chancellor George Osborne’s formal announcement today, Vince told the BBC’s Andrew Marr that the  separation of retail and investment banks –  ‘something I and the Liberal Democrats have pushed on for a long time’ – will go ahead, indicating that the ‘angry heckling by banks’ (Marr’s words) had failed to blow the Government off-course.

Indeed Vince went as far as  to …

Posted in News | Also tagged , , and | 18 Comments

Opinion: Do Banks Rule the World?

Last week many of us may have witnessed the sickening spectacle of watching a city trader declaring that Goldman Sachs rules the world… among other insights, such as how he lays awake at night fantasising about another economic depression.

If money rules the world, then surely whoever rules the world controls the money supply?

Many of us would, therefore, assume that the Bank of England creates money and regulates its supply to the economy, thereby controlling inflation and interest rates. However, whenever we look to finance a house, car, business project, etc, we invariably turn to the banks (in the …

Posted in Op-eds | Also tagged , , , , , , and | 9 Comments
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Recent Comments

  • User AvatarSue Sutherland 28th May - 12:47pm
    Thank you for providing this service for us Mark. It’s very useful to know what our MPs are saying and to realise they are covering...
  • User AvatarBarry Lofty 28th May - 12:44pm
    Being bored with the Cummings subject is exactly what they want to happen and I sincerely hope that the country and its politicians do not...
  • User AvatarJames Belchamber 28th May - 12:43pm
    Incubating Liberal organisations, networking them and enabling them to be effective sounds very Liberal. Also: we have to accept that the Lib Dems might not...
  • User AvatarMary Reid 28th May - 12:40pm
    I am passing on these comments from Michael Meadowcroft: Ruth Bright: Yes, “corporate memory” is important and it works both ways, ie it ought to...
  • User Avatarsuzanne fletcher 28th May - 12:10pm
    this is an excellent letter on NRPF and provison of housing which I hope the party can support. https://haringeymsc.org/wp-content/uploads/2020/05/Open-Letter-to-Robert-Jenrick-MP_Final.pdf
  • User AvatarRichard Underhill 28th May - 12:05pm
    By Mark Valladares | Thu 28th May 2020 - 7:30 am "Frankly, I’m bored with Dominic Cummings." So is Boris Al Johnson. He was interviewed...