We should applaud this for now these bankers have more of our wealth to trickle back down upon us. But as Max Keiser says, “you can’t have capitalism without capital!”
The damning findings come at a time of growing anxiety that millions of Britons will not have enough money for their old age. They will also raise new questions about the prime minister’s decision to veto a new EU treaty over his demands for greater protection for the City.
David Cameron has insisted that the financial sector is a vital national interest, yet the consultants brought into the Treasury claimed that the often unnecessary charges built up by traders are damaging potential economic growth.