The new Banking Bill:
The Government is to publish its Banking Bill, which will create new powers to intervene to rescue failing institutions. Both the Conservatives and Liberal Democrats have dropped minor objections to the bill in an effort to see it enacted quickly.
I\’m always extremely wary of bipartisan support for something. It means that it hasn\’t been discussed, hasn\’t been thrashed out.
I\’m willing to agree that there might not be much choice right now, but I\’ll bet that there are some gremlins hidden in there.