Sir Paul Tucker told Radio 4 this morning that highly-paid investment bankers twiddling their thumbs during the crisis driven deal drought should go to work in the high street branches.
When asked by Mishal Hussein if was there anything he would be doing differently if he were in a policy making role today Sir Paul said:..
A hearty congratulations goes out to former colleague Philip Aldrick, economics editor at The Times. Today he won the the Business and Finance Journalist of the Year award from the Society of Editors.
I have worked across the business desks of 'Fleet Street' for a quite a while and I couldn't think of a more diligent but understated journalist as Phil Aldrick, who I used to work alongside at The Daily Telegraph several years ago...
Splashed across the front page of the venerable Financial Times is a "scoop" generated by an interview with Mark Carney, the guvnor of the Bank of England, by Lionel Barber, the outgoing editor of the paper.
It's a brilliant interview to land but just a shame that Mr Carney trots out so many statements of the obvious, such as "it's generally true that there's much less ammunition for all the major central banks [to fight recessions] than they previously had"...
If you click on the Linked In job advert for the post of the next Governor of the Bank of England you will find "the job is no longer accepting applications". Below is the link:
So, this piece - https://www.thisismoney.co.uk/money/investing/article-6247683/Soross-investment-firm-pulls-rug-Queens-red-carpet-firm-founded-123-years-ago.html - I wrote in the Mail on Sunday a couple of weeks ago would appear to be rather prescient given today's news from Victoria about the hit to margins...
Any financial hack that has been around for over a decade in the UK market knows things have changed dramatically.
But the recent reporting of Mark Carney's potential extension to his term as the governor of the Bank of England demonstrates how ridiculous the situation has become.
Let's start from the beginning: the Evening Standard's excellent diary column runs a piece about how Mark Carney had been asked to stay on for a year by the Treasury. Below is a link:..