As Will Hutton doesn\’t like \”unregulated capitalism\”, preferring instead the more Rhineland Model, run by grandees such as himself through the regulatory system, of course he doesn\’t like hedge funds.
He thus blames them for the current problems, even though they had pretty much bugger all to do with it.
This really takes the biscuit though:
Sick of their special pleading that they should not suffer the regulation proposed by Brussels and will flee the country, supposedly taking billions in tax revenue with them.
Most business sectors will protest when they\’re in danger of being regulated out of existence old boy.