The head of Britain's biggest bank, HSBC, has criticised the Government's handling of the economy and called for austerity to get the country back on track.
The backlash against bankers by politicians and the media had been inappropriately severe and was leading to an exodus of talent from Britain to more lenient countries, such as Switzerland, Mike Geoghegan, chief executive of HSBC, said. Geoghegan attacked Labour and signalled that a change of Government might be necessary. Read more THOUSANDS of homeowners will pay £1,500 extra a year for their mortgage after a leading building society increased its standard variable rate, reports the Daily Mail. Skipton Building Society will raise its SVR from 3.5% to 4.95%, despite the Bank of En...
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