FSA Meeting Today September 28th

Guido understands that the FSA’s Directors meet today September 28th, Unity Trust Bank is low on the agenda. Off the record briefing line from the FSA is “everything is fine, don’t believe what you read on the internet.”

FSA chairman Sir Callum McCarthy is no fool and is politically attuned having worked for both Roy Hattersly and Norman Tebbit in his time. He even proudly displays in his office a large picture of him and Blair grinning at each other. Nevertheless he will no doubt make sure somebody checks the numbers…

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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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