Another lesson of history: every ten years or so, the same old financial scandals rear their uglies again. One, Greenshill, was bankrolling the Indian owner of British Steel, and looks likely to shred the remaining credibility of David Cameron, late of this parish, who was trying to get Rishi to bail them out and save his £60m potential bonus. The owner of other, Archegos (name should have been a giveaway), was cleverer still, borrowing (very) big from lots of big banks, none of whom knew the other was lending. Sound familiar? From 2008? Will they never learn? Probably not.
“Sunak and Hunt accused of ‘damaging UK plc’ over NatWest boss’s exit”
Here’s the flip side. Should a business not have the right to choose whom it serves? If you as a client, or more likely potential client, rub us up the wrong way, are a declared anti-vaxxer or support the barges, can we not, as a business, say ‘Be Gone’?
