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Follow the events in politics which shape the future with the Director and guest contributors. The Defenestration of Stephen Hester: What Now for the RBS? writes David B. Smith Friday 14th June: Stephen Hester may be leaving RBS: but the problems with which the Chancellor must grapple are of a different order. Large banks, be they public or private, avoid the discipline of competition. When it comes to the RBS, even a monolithic ‘good’ bank would be too large on normal competition grounds. RBS should therefore be brought to market as a series of small retail banks. Next Events
The UK and the EU: What principles should guide re-negotiation? |
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