Banking On It

On Question Time, Nick Ferrari asked why he received no payments from the bonus-awarding banks that he owned. All the banks should be turned into mutual building societies, ironclad as such by statute. Apart, that is, from the public stakes in HBOS and RBS. 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.