Against errors more fundamental than its own.
Thus did Blessed John Henry Newman describe the Church of England.
People wanted moral leadership from it, and that in plainer speech than was characteristic of (the totally, and ever since the 1960s actively, pro-life) Dr Rowan Williams. What do they say, now that precisely such leadership is forthcoming?
Investment banking and retail
banking should be split completely.
All of the banks should be
turned into mutual building societies, ironclad as such by statute, the
same Statute Law that already forbids building societies from engaging
in investment banking.
Apart, that is, from the public stakes in HBOS and RBS, which should be increased to 100 per cent. Those are permanent, non-negotiable safeguards of the Union, as public ownership always is. Therefore, the profits from each of those stakes should be divided equally among all the households in the United Kingdom.
And thus restructured, they provide ready-made alternatives to pay day loans. Think about it. As someone should already have done by now.
Ed Balls and Stella Creasy, over to you.
Apart, that is, from the public stakes in HBOS and RBS, which should be increased to 100 per cent. Those are permanent, non-negotiable safeguards of the Union, as public ownership always is. Therefore, the profits from each of those stakes should be divided equally among all the households in the United Kingdom.
And thus restructured, they provide ready-made alternatives to pay day loans. Think about it. As someone should already have done by now.
Ed Balls and Stella Creasy, over to you.
Along with that Member of Parliament and of the Privy Council, the Lord Archbishop of Canterbury.
Splitting retail and investment banking is UKIP policy.
ReplyDeleteI suspect that that would come as news to an awful lot of people
ReplyDeleteI cannot imagine UKIP's making much of a fuss about it. At this moment, who knows that any such policy exists?
If they are serious, though, then here is the proven, and very British, way of giving effect to such a separation.
Yet again, today, Fraser Nelson has endorsed us as "the patriotic party of the working class".
ReplyDeleteHe's right to say we are replacing the Tories.
You can't do both.
ReplyDeleteAn who would want to take over from a party which as not won a General Election since 1992? UKIP would. Obviously.
Working-class Tories are the most tribal voters in British politics. Good luck...
Because we already have far broader appeal than the Tories-we are the only party speaking to working-class concerns on immigration.
ReplyDeleteFarage is addressing packed venues wherever he stops.
As Peter Hitchens has long said, any party that replaced the collapsed Tories would be able to hoover up Labour and Lib Dem voters, en masse.
No, it wouldn't. And no, you are not.
ReplyDeleteMerely being in or from the North is not the same thing as being working-class. And no one with an appeal to core Tory voters can possibly have an appeal to core Labour ones.