This actually kept me awake last night, I'm so concerned.
Now I'm all for a review of the regulations, and I think Cameron is right to say that seperating retail banking activites from very speculative investment banking, but surely the Lid Dem proposals go too far?
No cash bonuses above £2500, no bonuses for Directors?
The banks will just walk to Geneva, or New York, or HK or wherever else. We will lose all that tax revenue, and all those jobs. Yes the banks will take their best traders and bankers with them, but all the admin and support staff will be sacked.
Will there be a knock on effect on legal and accounting firms?
Is it only me that thinks over-regulating to the extent that Clegg is talking about would be dangerous?