Don't argue with us
WHAT constitutes bad behaviour in the City? Arguing with the government, of course. That goes double for a shiny new Labour government with steam up. So the Legal & General argues with Helen Liddell at the Treasury and finds itself posted on her list of shame. In theory this is about pension mis-selling, but in practice it seems to be about showing who is boss. The same point was made about Alice in Wonder- land's mother:
I am the Dean and this is Mrs Liddell: She is the first and I the second fiddle.
When Harold Wilson's government was new and shiny, Jocelyn Hambro off-hand- edly called him the worst prime minister since Lord North. This brought down on Hambros Bank the threat of a Treasury investigation, announced by the Chief Sec- retary in the House of Commons, with spe- cial reference to Mr Hambro's salary. That is what Humpty Dumpty would have called a nice knock-down argument.
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