The other day I blogged how the Tories are engaging in a “fool’s game” of trying to work out what the government will announce, beating them to it, and then claiming they were the first mover, They appear to be at it again today with a proposal for independent financial advice centres.
Downing Street is already pointing out that the Tory idea looks walks, talks, sounds and smells pretty much like the National Money Guidance Service proposed by Otto Thoresen in a Treasury review a few weeks back. He suggested the cost should be split between the banks and the government – the Tories say the banks should fund the whole thing.
The Tory proposal would be funded by a ridiculously-named “social responsibility levy”. If anything, this is more anti-capitalist as it is based on the idea of a wicked (and irresponsible) financial services industry atoning for its sins.
Britain’s best politics newsletters
You get two free articles each week when you sign up to The Spectator’s emails.
Already a subscriber? Log in
Comments
Join the debate for just £1 a month
Be part of the conversation with other Spectator readers by getting your first three months for £3.
UNLOCK ACCESS Just £1 a monthAlready a subscriber? Log in