George Osborne wrote a strident article for the Observer last weekend, in which he called rich tax evaders “leeches”. As James
Forsyth reveals in the cover story of this week’s magazine, Osborne is not alone among Tories in
hounding the ‘undeserving rich’ at present. James goes on to argue that the Tories are ‘becoming particularly worried’ about the callous rich because the Vickers commission
is poised to bring the emotive issue of banks back to the ‘political frontline’.
The Vickers report has already irritated the coalition’s sore points, with disagreement allegedly rife between George Osborne and Vince Cable. Today’s FT offers a fresh angle. Osborne and Cable are in fact remarkably close in their thinking, both apparently believe that Vickers’ recommendations should be set down in legislation during this parliament and enacted in the second half of this decade.
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