Showing posts with label Vickers Report. Show all posts
Showing posts with label Vickers Report. Show all posts

Monday, 31 October 2011

Cameron 'economic' with the facts?

"I feel I am free but I know I am not."
E.M. Corian - The Trouble with Being Born*

David Cameron, as would MilibandE or Clegg were they in his position, maintains that he heads the government of this country and by inference the government decides the country's future. In his attempt to solve perceived problems in the banking industry Cameron was waiting the findings of the Vickers Report (résumés of which can be found here and here), whose recommendations the government had pledged to adopt.

From City AM we now learn that a war of words has been taking place over implementation of the Vickers Report as the EU Commission now argues against giving Britain the flexibility it needs to put in place either the Vickers rules or the Bank of England’s new macro-prudential regime, insisting that the EU must have a “single rulebook” for capital.

Bearing in mind that any government must be able to plan its economic growth or regulate how it's economy is managed, how on earth can Cameron maintain that he heads the government of this nation, whilst at the same time keeping a straight face?

Just asking............


*Or in the case of the present Prime Minister: "The Trouble with Being Cameron."