Tensely circling each other on Syria today, David Cameron and Ed Miliband were like a warring couple forced to meet but determined not to unleash their pent-up rage because they have too much to lose. Cameron, you felt, was itching to say: “You treacherous bastard. You not only sabotaged my foreign policy last week, but you couldn’t even take a stand one way or the other.” And Miliband to answer: “You authorise your spin doctors to use industrial language about me as if I’m to blame for the full-scale revolt in your own party. It’s pathetic.”
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Wednesday 23 September 2009
Outlook If nothing else, Lord Turner has a knack for publicity and self-promotion that few regulators have shown before. Last night he was at it again at Mansion House. Of course, he had another bash at the banking industry for its "socially unacceptable" products, its tendency to add layers of complexity on to things which really aren't much use to anyone, and its habit of selling services that people really don't need. But what was most interesting about his speech was his contention that the financial industry is "no longer fragile". Come again?
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