A fascinating snippet in today’s Third Sector online suggests that high street banks are looking to buy-off further pressure from the government on taxing bonuses and transactions by donating billions to the Big Society Bank.
The Guardian also has a take on the same story here.
The Cabinet Office has refused to comment, however, saying, “As with all major industries, we are in discussions with the banking sector on a number of topics, but it would be inappropriate to provide a running commentary of our conversations.”
What a marvellous formulation — I must remember it. The spirit of Sir Humphrey Appleby is not dead — as you will see here. Sir Humphrey is like Shakespeare — a quote every occasion, irrespective of the passage of the years…