Moore pain for Brown

There are few things the press likes more than a whistleblower, they make for great copy. So, Gordon Brown will be alarmed to see Paul Moore, the HBOS whistleblower, appearing in The Independent on Sunday.

‘Paul Moore, the former head of risk at HBOS, told the IoS that he has more than 30 potentially incendiary documents which he will send to MPs on the Treasury Select Committee. He says they disprove Mr Brown’s claim about the reasons for HBOS’s catastrophic losses – now estimated to be nearly £11bn – and show that it was the reckless lending culture, easy credit and failed regulation of the Brown years that led directly to the implosion of British banks.

After Mr Moore’s explosive testimony at the MPs’ banking hearing, the Prime Minister had denied the former executive’s central charges and said that HBOS’s difficulties were due to its flawed business model.