Another two hundred and sixty Labour voters

Having nationalised half the UK's banking sector and established a shiny new quango to "protect and create value for the taxpayer as shareholder, with due regard to financial stability and acting in a way that promotes competition.", Nulab are now going on the safe side and hiring yet another two hundred and sixty taxpayer-funded penpushers to oversee the bits that are left.

Ironically, the bits that are left are mainly HSBC and The Nationwide Building Society, which appear to have been soundly managed and in no particular need of closer supervision.

Hmmm. I wonder what the real reason might have been ..?

Via Lola.