The question of whether it was going to be released in a formal way other than ofr is a different questioned. Should the ofr report be immurn from public kmeblt . No, on the contrary, it was meant to elicit a public debate and that occurred. I very much believe it should have been public chls it was public. Last year, you said it is un5 00 se unacceptable to be in a place where too big too fail has not ended. I think you may know, your predecessor said is it too big to exist . Using your words, can you tell this kplicommittee today, with honest, striegt face that weve ended too big too fail . Im not sure well know the answer to that question until we have the next financial crisis. Thats the challenge that we all have in asking have we gone far enough. But i will say what theres mr work underway. We have heard from multiple wrnss of the Corporate Bonds and are concerned about the ill liquidity. It strikes me as somewhat ironic that the vo lrksz ka rule is touted by you around others is
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boring branch meetings and boring structures that we ve had are not the way forward, reading out the minutes and all the rest. speaking as an old geezer, i sympathise with the difficulties. but also, speaking as somebody who looks at britain today, i see that the clear majority of young people, for example, voted remain and still wish britain was inside the european union. they may look at you, one of the most influential prominent union leaders in the country, who still today says, i have no regrets about supporting brexit. i do not want to see britain ever talk about returning to the eu, and young people think you re out of touch with the way they feel. well, i may be out of touch with their views to some extent, they may be out of touch with why some people on the left oppose the european union. sorry to interrupt, because we haven t got that much time, but if a young person says to you today, mick, even now, how can you say it was right to support brexit when we see a 4% cut
back to what you see. i don t want to go back. ..as a golden age, you couldn t, and i ll tell you why you couldn t, because trade union membership in the 70s was roughly at 75 80%. today it s at roughly a quarter, 25%. you know how many people under the age of 25. i don t want to go back. ..are actually in unions? 496. and that s a challenge for us. it s more than a challenge, it s a catastrophe. well, it s a challenge for us in the sense that we ve left vast areas of the economy unorganised. and what i tell the tuc and anyone else that will listen, and when we go out on the road and do road shows, enough is enough and the people s assembly, thousands of young people come out and they re asking us, how do we organise in these new forms of work? and we ve got to find a way, as trade unionists, and old geezers like me have got to change the means and the ways through which we organise. i recognise that, and i know that boring branch meetings and boring structures that we ve had are no