1 February 2012

Honours without honour

A bitterly cold but beautiful run along the loch side this morning.
I’m glad to report that knighthoods are rarely offered to people who are rude about the Queen or the government, but past recipients have included Benito Mussolini, Nikolae Ceaucescu, and Robert Mugabe, all of whom eventually had theirs confiscated for bad behaviour.
Fred Goodwin, CEO of the Royal Bank of Scotland in 2008 when it had to be bailed out with £45bn of public money, has also finally had his knighthood taken away by the Queen. This seems quite reasonable, given his track record, except that there is more than a whiff of cheap & easy political point scoring by David Cameron, rather than evidence of a serious attempt to rescind the benefits awarded to those who presided over Britain’s contribution to the global banking crisis.

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