The Chancellor wants it to be chocks away when it comes to constraining the banks from riskier loans. However, the Bank of England is sensibly tightening the seat belts as it seeks to make sure the financial world is prepared for the next meltdown. The Bank yesterday published proposals designed to ensure banks can turn assets into cash in a ‘fast-paced stress event’ – polite talk for a run on the banks. Yet if Suarez and his colleagues give in to Saba they will make it easy to destabilise the whole sector. A holder of one-fifth of the stock has no right to dictate terms to the rest of the share register.

Source: Daily Mail March 18, 2026 15:34 UTC