Morning must-reads

Vince, NO MORE TAXES!!

Britain’s economy faces meltdown if Labour or Lib-Labs are elected in 2010.

A 10% ‘windfall tax’ – apart from doing little to reduce the nation’s debt – is unfair & likely to prove counter-productive.
If we sincerely want to control banking behaviour, then I hope we can adopt a cost & risk free incentive for banks to do so.

I’m re-posting my idea from yesterday.

Proposal

BoE to regulate banks.
A duty within that ‘overwatch’ brief should be a duty to monitor banking deals and bonus payments.

If the BoE was to detect transaction activity that it was unhappy about, it would issue a warning to the offending bank, stating that it was close to losing it’s ‘A RATING’ – ‘A’ being the government’s promise to guarantee deposits held by that bank.

On it’s own, this BoE announcement should be enough to cause a stampede of depositors to withdraw and transfer their cash into competitor banks – and so would be an effective deterrent against irresponsible banking activity.
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Does anyone still require proof that Vince Cable is in the right party and can be happily ignored?