The jewel in the crown of a shared technology platform would be to make the customers’ transfer of accounts from one bank to another virtually automatic.
We might levy taxes on non-resident, non-British owners of property. But a crude mansion tax is not the solution to the South-Eastern property market problem.
I am certainly not advocating the return of “light touch regulation”. But in its place has come a Government that guarantees against financial failure.
Politics, not economics, will underpin the government’s programme of privatisation in our banks.