5.15pm ToryDiary: David Cameron "would have been a very good KGB agent"
This is a new trial service. Please let us know if it's useful to you in the thread below.
VICKERS' BANKING REFORMS
- "Banks must set up (quite flexible) internal ring-fences between retail and investment banking operations. The ring-fenced part must hold 10 per cent equity capital. The reforms will cost about £7bn a year. Implementation date: by the end of the decade." – FT Westminster
- Can Britain go it alone on banking reform? Probably not says Iain Anderson.
- "The implementation of Vickers's recommendations has to be handled with extreme caution. Anything that would drive banks offshore would be calamitous for our economy. It would throw an enormous tax burden on ordinary wage earners and drive down our standard of living. It would also fuel unemployment." – Simon Heffer
HAGUE'S EUROSCEPTICISM QUESTIONED
- Why I'm sceptical about William Hague's Euroscepticism – Norman Tebbit at Telegraph blogs
- "Mr Hague has spent most of the last year declining to talk about the EU, and facilitating further moves towards an EU foreign policy." – John Redwood
- "Such is the despicable nature of David Cameron's leadership that a position supported by the majority of the British people [leaving the EU] is political lurgi." – Alex Singleton on the new Daily Mail blog
- "Joan Collins, 78, famous for playing no-nonsense Alexis in the TV soap Dynasty, said the country was being strangled by the “petty bureaucracy of the European Union”." – Express
- David Blackburn looks at the early leaks – Spectator
- Tim Farron and Nick Clegg might be vulnerable speculates the New Statesman
DOG BITES MAN LINK OF THE DAY; TUC LEADER ATTACKS COALITION
- TUC leader launches twin attack on Coalition's "outrageous" public sector pension reforms and inadequate plans for the banks – BBC
- But the union dog may also bite Ed Miliband according to the Evening Standard: "Motion 29, which will be debated on Wednesday and has been tabled by Mark Serwotka's PCS union (which has already called another strike for November), reads: "Congress expresses its concern at the pathetic response (my emphasis) of the Labour leadership and instructs the TUC General Council to press for support for future action in defence of the agreement signed with the last Labour government."
- Government's Chief Immigration Adviser says there's no evidence that migration cap is hurting economy – BBC
CAMERON IN RUSSIA
- "President Medvedev told David Cameron that the man accused of murdering Alexander Litvinenko, the dissident spy, would never stand trial in Britain." – Times (£)
- Medvedev hits back at Britain saying corruption exists in Britain too – FT (£)
- "[Putin] will find in Cameron's trepidatious one-day venture a vindication of the hardball tactics he has employed since the 2006 murder in London of former spy Alexander Litvinenko." – Simon Tisdall in The Guardian
- Leaking emails from Greg Clark reveal that 10 Downing Street's solidity is doubted by ministers – Benedict Brogan
TORY PEERS GET SOFT JUSTICE?
- Expense-abusing Tory peers Hanningfield and Taylor released having served only a quarter of sentences, with electronic tags – BBC
GEORGE OSBORNE'S PAST
- Chancellor accused of using cocaine when working for William Hague – Guido Fawkes
- “No matter how decent, intelligent or thoughtful the reasoning of a conservative may be, as an argument with a liberal is advanced, the probability of being accused of ‘bigotry’, ‘hatred’ or ‘intolerance’ approaches 1 (100%).” – Cranmer