A superb article by David Potter, a real businesman who also served in the Bank of England.
There is tons of good stuff in here, and if I had to pick one sentence from his recommendations, I would perhaps pick this one:
I think the first action is to downsize the banking sector in the UK
It ends like this:
“The power of the monopolies must be broken. President Obama has been very weak in my view, compared to Franklin Roosevelt. In a famous speech in Madison in 1936, President Roosevelt referred to “…monopolies in finance and business. They are unanimous in their hate of me, and I welcome their hatred.” Why can’t Obama say that? Why can’t Cameron say that, or Ed Miliband for that matter? “I welcome their enmity”.
Quite so. More on this fairly soon.