Fred’s Smackdown to Myners

Guido can’t help thinking that the row over Fred’s £8 million pension is a contrived bit of spin to distract headlines away from the £300 billion bet that HM Treasury is taking on RBS. Frankly Fred’s £8 / £16 million is neither here nor there in comparison to what the government is committing the taxpayer to underwriting. If this goes pear shaped Iceland will be nothing in comparison.




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Quote of the Day

According to the Mail, when Tory MP Marcus Fysh called Venezuela a ‘socialist experiment gone wrong’ at PMQs, Jeremy Corbyn mouthed:

“What a complete w*nker.”

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