Former Tory Leader Michael Howard wore a mien of outrage (and possibly a deerstalker hat) yesterday when calling for an investigation on alleged leaks on the Bank Bail out plan. I couldn’t agree more.
So If Hercule Howard wishes to track down the vile perpeprators of such leaks, perhaps he should take a moment first to ask his erstwhile proteges, the honourable members for Tatton and Witney, about briefings they may have recieved on the economic situation at the end of last week and if they covered any of the issues that lay behind sudden changes in policy that were announced in subsequent media appearances and contacts, and which then drove speculation about what the government was planning.
Once he’s uncovered why Tory politicians dropped the phrase “recapitalisation” gently onto the airwaves on Sunday, Sherlock Howard might then want to find out who on Monday briefed that Banking chiefs were accusing the Government of dithering on such a plan. After all, it would be rather odd for the government to accuse itself of idiocy. Was it perhaps the banks themselves, eager to get a plan agreed?
After all, it would terrible if people used information they gained in confidential brefings to make themselves look good, and in doing so hinted at actions the Government is likely to take that had market consequences..
So, Detective Howard, over to you with the pipe, magnifying glass and deerstalker hat.