A Strong Voice for Croydon Central - Gavin Barwell MP
Home
News
Help me
Campaigns
Biography
Expenses
Contact me

Labour councillor insults City workers
20/10/2008 17:53:00

At this evening's Cabinet meeting, Cllr Stuart Collins, the Deputy Leader of the Labour Group, branded "the fools in the City" responsible for the looming recession.

Whilst it's true that the senior executives of a number of banks have behaved recklessly, that's no excuse for insulting the hundreds of Croydon residents who work in the City. And whilst it's also true that this isn't just a British problem, Gordon Brown's decision to split the regulation of financial services between the Bank of England, the FSA and the Treasury clearly didn't help.

Presumably Cllr Collins' criticism is that the senior executives of some of our banks assumed the good times would never end and failed to build up sufficient capital for the bad times. Remind you of anyone?

Comment on this blog

 

 

 More Blog Posts
03/04/2017
Friday night's attack on a 17 year-old asylum seeker
  Read Story
23/03/2017
Reflections on yesterday's attack
  Read Story
15/03/2017
IVF services in Croydon
  Read Story
02/03/2017
Government backs upgrade of London to Brighton railway and refuses to fund BML2 concept that would be bad news for Addiscombe in particular
  Read Story
27/02/2017
Spot the difference
  Read Story
21/02/2017
Second interim report on Croydon tram crash
  Read Story
07/02/2017
Fixing our broken housing market.
  Read Story
02/02/2017
Government provides £14m for refurbishment of Fairfield Halls and redevelopment of College Green.
  Read Story
02/02/2017
Southern Rail latest update
  Read Story
31/01/2017
How I will vote on the EU (Notification of Withdrawal) Bill
  Read Story

Full list of blog posts here

     
Gavin Barwell, House of Commons, SW1A 1AA, Tel  020 8660 0491      © Gavin Barwell  2017       Promoted by Ian Parker on behalf of Gavin Barwell, both at 36 Brighton Road, Purley, CR8 2LG