Derek Wanless – Gordon Brown’s most trusted banker – is due to speak at a fringe meeting at the LibDem conference on “Caring Choices”. One of the other speakers will be Vince Cable, who yesterday railed at the “collapse of Northern Rock; a product of greed and reckless gambling by overpaid executives”.
Will Derek Wanless, the chair of Northern Rock’s audit and risk committees, show his face in public? Or will he go missing, like Gordon?
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John Higginson of the Metro explains Quantitative Easing:
“There is £100 and 100 loaves of bread costing £1 each. QE creates another £100. Each loaf now costs £2.”
Maybe if they really wanted to “decontaminate the Labour brand” with business people, they shouldn’t have totally buggered up the economy?
Just a thought.
