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Sir Fred Goodwin set to lose his knighthood

Even though it had appeared that the vicious and vocal campaign against Sir Fred Goodwin and his substantial pension fund was coming to an end, it has been re-ignited by MPs in the Houses of Parliament. A group of Labour MPs have made official representations to the authorities to see if Sir Fred Goodwin's knighthood can be revoked and how quickly this may happen.

Quite why the subject of Sir Fred Goodwin has yet again hit the press is something of a mystery but there is a suspicion that whenever the government needs to deflect any disappointing economic news, whether this be tax raises in the budget or a stalling of the recovery, then Sir Fred Goodwin's name is splashed across the headlines. However, when you consider the various MP expense scandals, the introduction of sky high taxes on the rich in the UK and the discovery of a £45 billion hole in the UK budget, the constant barrage of abuse directed towards Sir Fred Goodwin is having less and less of an impact on the public.

Not once has Gordon Brown stepped forward to suggest that he has made errors along the way, preferring to lay the blame of every problem at the door of the US government, while on the other hand asking for their commitment to substantial recovery programs. This really is another fine mess!

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