Brown's City Shake-Up Was No Masterpiece




Summary


ARE LONDON'S reputation and status as a financial centre really at grave risk from either the Northern Rock crisis or the associated fallout?

Most City commentators seem to think so, judging by their shrieks about the apparent three-way row between the Bank of England, the Treasury and the Financial Services Authority over where blame really lies for the first major bank run for 150 years. I am less convinced.

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Extract


Brown's City Shake-Up Was No Masterpiece

Yes, there does seem to have been an embarrassing amount of dithering by the...

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