The FT reports that a freezing order was issued under the 2001 Anti-Terrorism, Crime and Security Act against Landsbanki’s estimated £4bn UK financial assets. Guido doubts that it was the intention of parliament when it voted on this draconian Act that it should be used in this way.

Is Guido the only one uncomfortable with this abuse of the law? Aged hecklers first, now foreign bankers. We are all terrorists…