Blog
Matthew Taylor
As the newspaper headlines grow ever more doom laden the search is on for the ultimate cause of the current crisis. For many commentators, Seumas Milne in today’s Guardian is an example, this is the inevitable comeuppance for greedy bankers who have gambled with our mortgages and pensions. On the other hand, The Times’ Alice Thomson argues that the City has been responsible for the wealth creation of the past decade or so, and it’s both perverse and self-indulgent to be jubilant in the face of their banker’s woes.