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Good News For Those Who Fear Gordon Is Being Soft On The Banks

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BBC: Banks Warned Over Tax Avoidance

After giving them billions of our money with no strings attached, and then deciding that the financial regulation system works perfectly well as it is, Gordon has at last got tough on the bankers....

... by requesting they sign up to a voluntary code not to use tax avoidance schemes.

The guidelines are now going to the banks for consultation.

- Obviously it would be bad form to impose such an onerous burden on the banks without them also having their say in shaping the code.

It would make me sick if weren't so utterly predictable.

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