Alcohol duty

What Andrew Bailey’s eyebrows can tell us about the NatWest scandal

Enough said about the fall of Dame Alison Rose; more than enough about the second coming of Nigel Farage. But one question remains: what happened to the Governor’s eyebrows? In former times, the fate of errant bank chiefs was unequivocally a matter for the Bank of England. Careers were sunk or salvaged by a twitch of the governor’s supercilia. When Bob Diamond of Barclays was under fire in 2012 after the rate-fixing scandal and the Barclays board tried to save him by offering the head of chairman Marcus Agiusinstead, the then governor, Mervyn King, ordered Agius to unresign and fire Diamond – while the chancellor George Osborne denied any part,