Sunday, December 18, 2011

Banking "Reform"

So here we go. 

We will 'reform' the UK banking sector and add between £7 billion (Government estimates) and £10 billion (industry estimates) of cost.

Three guesses who will actually pay this.  No clue?  Well, no surprise it's me and you, UK bank account holders.

Oh and remember that we are to put this in place and it will be more draconian than in any other country as will the capital requirements we set for the banks that remain here, before any other country, including our major competitors are even contemplating such restrictions.

You could call it madness but that might upset the Lib-Dems and we mustn't do that!! 

Now if we could get the Lib-Dems party members to pay the  £7 -10 billion, I might not be so angry!


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