Archbishop clarifies on bankers: "They do not come in with horns and a tail burning £50 notes to light large cigars"

Business quote of the day.

The Archbishop of Caterbury, who sits on Parliament's banking standards commission, said at a Bible Society-organised event at Westminster that he had found bankers  "not nearly as bad as one hoped that they would be".

"They do not come in with horns and a tail burning £50 notes to light large cigars," he said.

The problem, he said, had been "slightly unsophisticated" errors,  lending "very, very large amounts of money to people who could not pay them back".

"Those two errors alone are quite enough to bankrupt any bank."

He suggested the solution lay in reconnecting the bank with the community,  and that "at least part of the banking system should be local".

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The NS Podcast #150: Englishness, X-men and Equality

The New Statesman podcast.

This week, Helen and Stephen try their best not to talk about the EU. Instead they turn to Boris Johnson’s media strategy, MP’s expenses, and Labour and the idea of Englishness. They go down-the-line to the Lobby with George Eaton. Then Henry Zeffman joins to discuss the politics of the new X-men movie. You also ask us: what does the future hold for the Women’s Equality Party? (Helen Lewis, Stephen Bush, George Eaton, Henry Zeffman)

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