Part of Opposition Day — [18th Allotted Day] – in the House of Commons at 3:08 pm on 25 February 2015.
The hon. Lady made an important point about Gulliver and the management philosophy that he appeared to espouse. We could call it something pretty close to plausible deniability: “I don’t know what they’re doing in Mexico—it’s a long way away. I don’t know what they’re doing in Switzerland—we’ve only just bought it.” If that is the management model, that is a better advert for the banks being split up than the retail/investment dichotomy that we have spent so long discussing.