Friday, October 23, 2009

Tories Translated

Mervyn King's speech has started off something of a spat the Gordon Brown and Alistair Darling. The whole "small banks" idea is subject for a more considered post, for now though I feel a translation of the Conservative position is in order:

Mr Osborne said Mr King's speech was "powerful and persuasive", although a future Conservative government would only break up banks into retail and "casino" operations in the unlikely event that all other major countries did the same.
What it should read is:

Mr Osborne liked Mr King's speech because he had a go at the government, although a future Conservative government has absolutely no intention of breaking up banks into retail and "casino" operations.
Hope that clears things up.

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