Myners to sort out City Fat Cats?

I found the appointment of Paul Myners to become Minister for the City and to serve as an advisor on the New Economic Council particularly interesting. Tom P says “great news I reckon – he knows what he’s talking about and isn’t afraid to be radical” The Times calls the Chair of the Guardian Media Group, Land Securities, Chair of the Low Pay commission and ex-Chair of Marks and Spencer’s a “respected figure in the City”. While The Telegraph has called him “controversial” which I think is nearer to the mark. Many on the left will be most upset that he was a director of a hedge fund that made money out of the collapse of Bradford & Bingley. He also gave £12,700 to Gordon Brown’s leadership campaign. However, there is more to him for those who want meaningful change in our financial systems that may at first appear. He is not at... [read full story]