Tradition, Discipline, And Rules Must Be The Tools

Without them - disorder! Chaos!
Moral disintegration!
In short, we have a ghastly mess!

Haven't we just!

Of course no one wants to buy it. What on earth made anyone think that they would?

The public stakes in certain banks are non-negotiable safeguards of national sovereignty and the Union, and require to be brought under far greater parliamentary control. The paper fiction of UKFI demands to be discontinued. It was only ever one of New Labour's numerous throwbacks to John Major's "next-step agencies". As UKFI itself has said, pretty much in so many words, no one is ever going to want to buy the nationalised banks, so they are going to be in public ownership forever.

Apart from those non-negotiable public stakes the whole of retail banking must be turned into a network of mutual building societies, ironclad as such by the Statute Law. The same Statute Law by which mutual building societies have always been required to observe an absolute separation between their own retail banking and the far riskier practice of investment banking.

Ed Miliband, Ed Balls and Chuka Umunna, over to you.