James Forsyth

Clegg can bank on this policy going down well

Clegg can bank on this policy going down well
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Nick Clegg returns to the political fray today with an interview with The Times. What’s making news from it is this proposal:

“Directors who were running the banks Northern Rock, HBOS, Royal Bank of Scotland and Bradford & Bingley when they were rescued by the taxpayer should be disqualified from sitting on company boards, Nick Clegg said yesterday.

On the eve of the Liberal Democrats’ conference in Harrogate, Mr Clegg told The Times that these directors had shown that they were not fit to oversee companies.” This strikes me as very clever politics. There is a phenomenal amount of anger, much of it justified, at the fallen masters of the universe who seem to have paid no price for their actions. Politicians of all parties have been trying to tap into this but few of their ideas have cut through. Clegg’s proposal is eye-catching enough to do so. It is also that rare combination, just and populist.

Written byJames Forsyth

James Forsyth is Political Editor of the Spectator. He is also a columnist in The Sun.

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