Qualified advisers answering your
Financial Questions
call 0800 092 1245

Could bankers take away the pressure from David Cameron?

There is much intrigue and speculation regarding the fact that Vince Cable has been given a very long leash by the UK coalition government having issued a number of provocative and in some cases demeaning statements over the last few days. He has attacked the UK banking arena suggesting that "spivs" are still very prominent and he has also upset the apple cart with open criticism of the coalition government's immigration cap. But why is Vince Cable being given so much scope by David Cameron?

There is speculation surrounding the next round of large banking bonuses to be announced in the New Year with suggestions that the UK government is looking to use this particular subject as cover for public-sector spending cuts which will also be announced in the New Year. If the authorities are able to rein in the excessive bonuses of years gone by then this will reduce the pressure on the UK authorities and indeed should allow them to push through public-sector spending cuts easier than many people expect.

As a consequence it looks as though Vince Cable, with his speeches having been effectively rubberstamped by Downing Street before he delivered them, is setting up the banking sector to become public enemy number one yet again. If the UK government is able to rein in historically enormous bonuses paid out by the sector then David Cameron could actually come across as a "defender of the people".

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