Sacking
GEORGE OSBORNE has sacked Martin Wheatley, head of the Financial Conduct Authority, because he was too tough on banks.
The fact that the Tory Party gets half its income from the finance industry is I am sure entirely coincidental.
Regardless of the rights and wrongs of Mr Wheatley’s premature departure from his job, it’s a disgrace that a political party that receives half its income from a particular industry should have the power to appoint or sack the chief regulator of that industry.
Ralph Musgrave, Durham
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