RAPID RESPONSES
A British disease
Simon Denham is right in many of his observations [Politicians are slaughtering UK finance – the goose that is still laying the golden egg, Monday], particularly the way politicians are keen to jump on any current popular issue, banker-bashing at present, and will happily destroy the income that is feeding them in so doing.
It is a very British disease, this inability to recognise and applaud success. It explains, in response to Denham’s observations about
Mercedes and others, why the Germans do not indulge in such behaviour. In British society the politics of envy is alive and well.
The fact is, the UK has hit the rocks, largely as a result of out-of-control government spending. While I cannot support excessively paid bankers at a time when performance is going downwards, and I imagine like most that Fred Goodwin did get it hopelessly wrong, having said that, what wealth has our government created in the past two weeks by stopping Stephen Hester’s bonus, and defrocking Goodwin?
Richard Williams