Balls Shifts Focus Toward Shriti

“As for Ms Vadera, she was a very important adviser, this was a time when there were huge worries about the state of Barclays and other banks following the collapse of Lehmann Brothers and RBS. But she said that she has no recollection of any conversation about the Libor rate and the things reported in the Diamond memo and I hear and take what she said.”

A ringing endorsement…

“I’ve no idea because I wasn’t there and the only way to get to the heart of these matters is to have a Treasury Committee inquiry, and people can appear before that, and then to have the full public inquiry which we are calling for and which the public wants into the wider question, wider than the Libor market, about the culture in banking. But to answer your question, Simon, I have absolutely no idea.”

In summary: It wasn’t me, she says it wasn’t her, but I have no idea if she’s telling the truth…

 




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Quote of the Day

Philip Hammond uses a trip to Berlin to mock the Foreign Secretary:

“A compromise is the art of dividing a cake in such a way that everyone believes he has the biggest piece. Wise words with some applicability to the Brexit negotiations although I try to discourage talk of “cake” amongst my colleagues.”

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