I found the appointment of Paul Myners to become Minister for the City and to serve as an advisor on the New Economic Council particularly interesting. Tom P says “great news I reckon – he knows what he’s talking about and isn’t afraid to be radical”

The Times calls the Chair of the Guardian Media Group, Land Securities, Chair of the Low Pay commission and ex-Chair of Marks and Spencer’s a “respected figure in the City”. While The Telegraph has called him “controversial” which I think is nearer to the mark.

“The arrogant, superior young toffs who lead the Conservative Party, neither of whom have done a serious day's work in their life... David Cameron was executive at Carlton Television which lost over a billion pounds while he was there. I take no lectures from that young man about business competence. ...Nor can we blame Gordon Brown for the sub-prime disaster in the United States of America or the recklessness of bankers.”

This was my crimbo present come early from Paul Myners on BBC1 Question Time last week. According to today's Professional Pensions the Tories have now made an official complaint about Paul’s comments. He is the Chair of the government’s “Personal Accounts Delivery Body” PADB.