Qualified advisers answering your
Financial Questions
call 0800 092 1245

Treasury show trial set to commence this week

It is being billed as the trial of the "Masters of the universe" with the biggest names in the UK banking industry set to be grilled by the Treasury select committee this week. However, there are serious concerns within the halls of government that the UK government's close relationship with the banking industry over the last decade could well be exposed in its full glory. In many ways we are dealing with wounded bankers who have had their reputations shredded over the last few weeks and may be looking for some kind of revenge against the UK government.

Gordon Brown and Tony Blair were famous for their close relationship with the UK banking sector and regularly used their services to launch such investment programmes has PFI. Many are also questioning why, if banks such as the Royal Bank of Scotland and Lloyds TSB are "abusing" the system, the government is still pouring billions upon billions of pounds of taxpayer's money into the sector.

In reality the reputations of the fallen bankers set to appear in front of the Treasury select committee have already been tarnished forever and they literally have nothing to lose. With the likes of Sir Fred Goodwin, who appears to be at the centre of the UK government's witch-hunt, there have been calls for him to repay various bonuses received over the years and hand back his knighthood. This will never happen, but yet again it makes good PR for the current UK government.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details