The government’s move to strip former Royal Bank of Scotland boss Fred Goodwin of his knighthood has led to calls for ministers to consider inflicting similar punishment on other banking grandees who were implicated in the near collapse of the British financial system.John Mann, a Labour MP who sits on the Treasury select committee, said: ‘The precedent has been set. It wasn’t Fred Goodwin on his own who caused the problems – he was part of a team of people.’
He added: ‘You can’t get a gong for services to the banking industry and then bring it to its knees and expect to keep the honour. I’m surprised it has taken so long.’
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