"Shoddy and deceitful: Bank of England governor Sir Mervyn King blasts Britain's tailors"

From the Evening Standard:

Sir Mervyn King today lashed the "shoddy and deceitful" behaviour of Britain's tailors, as yet another scandal heaped disgrace on some of the rag trade's most trusted names.

The Bank of England governor demanded a "real change in the clothing industry culture" in a fierce attack on the fashion community. He hit out at "excessive levels of compensation, shoddy treatment of customers and deceitful manipulation of the price of a three-pack of men's briefs". Pressure snowballed for a Leveson-style inquiry into manufacturers and retailers, with Shadow Chancellor Ed Balls formally calling for an independent probe.

David Cameron backed the call for change and pledged new laws but ruled out an inquiry, agreeing with the governor that action is the priority. "We turned a blind eye to what those shits at the banks were up to, but we didn't realise that the rot had spread to high streets and shopping malls," announced the Prime Minister, tugging at a slightly itchy collar on his £200 Jermyn Street shirt, which was actually made in a sweat shop in Jiangxi province in China, "I think we've all been stiched up."