Commentariat

The unpopularity of the bankers is without precedent. In the late 1970s, reckless trade union leaders could always count on support from parts of the Labour Party and the media. Now, the bankers face universal vilification. Political leaders are in a contest to shout the loudest in their condemnation of big bonuses. Powerful newspapers fume at their immoral behaviour. As the shadow Chancellor, George Osborne, declared: “The party’s over.”