The Labour shadow Treasury team are having some fun this morning throwing Osborne’s words back at him. Haughty Balls wannabe Chris Leslie has gone on the attack declaring: “Stephen Green has serious questions to answer over investigations into HSBC”. That turn of phrase sounds rather familiar…

Trade Minister Stephen Green was at HSBC while they were letting terrorists and international criminals use their banking services. Though revenge is being sought for Osborne’s Balls/Libor row, it’s not looking good for the BIS envoy.

If the truth and reconciliation game is going to continue though, Leslie might like to have a chat with his more talented and better placed shadow Treasury colleague Rachel Reeves. Reeves was a “business planner” at HBOS between 2006 and 2009. Right at the time when HBOS, as a business, was planning and undertaking their ill-fated £12bn merger with Lloyds TSB.

What did their bonus-earning “business planner” know about this disastrous deal?

What part did she play in ignoring the warnings?

Reeves has serious questions to answer…