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The sight of two senior members of the Establishment battling like ferrets in a sack is unusual. When it involves the Governor of the Bank of England and a former Appeal Court justice, it becomes destructive. Raising questions over the reliability of Andrew Bailey at a moment when the Bank is propping up the pandemic economy with £875billion of bond buying is not a good look. In passionate testimony before the Treasury Select Committee, Bailey said he had not wanted to evade responsibility for the collapse of the mini-bond firm London Capital & Finance (LCF). Raising questions over the reliability of Andrew Bailey at a moment when the Bank is propping up the pandemic economy with £875bn of bond buying is not a good look

France generalUnited kingdomCity ofNeil woodfordDame elizabeth glosterAndrew baileyKwasi kwartengTim steinerGovernor of the bankTreasury select committeeFinancial conduct authorityCompetition markets authorityAppeal courtLondon capitalBradley friedBaroness dido