December 31, 2008
Knighthood for failure
Story link: Knighthood for failure
Maybe the role was forfilled, but it still begs the question whether it was actually deserved, based on highly critical conditions within the markets in the UK.
The Treasury’s top official, who was at the helm during the boom before the credit crunch, has been knighted for his role in dealing with Britain’s deepening financial crisis.
The move, as the pound plunged to a record low against the euro and after another slide in house prices, prompted protests that the honour was premature and self-congratulatory.