The Degree Of Leverage Now Being Reversed

Regulators Are A Backstop: They Don't Own Banks. The Governance At The Top Of Our Leading Banks Has Been Shown To Be Lamentably Weak. No One At The Top Of Barclays Will Take Responsibility For Systemic Abuse.

The Tories Are Now The Party Of Rural Areas And Labour Essentially Is In The Big Cities

The Two Policies That Ken Clarke Is Most Famous For Are His Opposition To The Iraq War And Being A Very Defensible And Quite Courageous Pro-european. These Are Both Policies He Shares With Us.

I Have Managed To Infuriate The Bank Bosses; Acquire A Fatwa From The Revolutionary Guards Of The Trades Union Movement; Frighten The 'daily Telegraph' With A Progressive Graduate Payment; And Upset Very Rich People Who Are Trying To Dodge British Taxes. I Must Be Doing Something Right.

When Gordon Brown Becomes Prime Minister, The Balance Sheet That Reflects His Economic Stewardship Could Look Very Sickly Indeed. He Could Become Labour's Biggest Liability, Not Its Most Marketable Asset.