I have declared war on Mr Murdoch and I think we are going to win. - Vince Cable

The House has noticed the Prime Minister's remarkable transformation in the past few weeks from Stalin to Mr. Bean, creating chaos out of order, rather than order out of chaos.

These masters of the universe must be tamed in the interests of the ordinary families whose jobs and livelihoods are being put at risk... The Tories won't say anything about the current crisis as they are completely in the pockets of the hedge funds.

The destruction of the British building society movement – or much of it – in the two decades after the late 1980s … was one of the great acts of economic vandalism in modern times. And the commercial banks largely abandoned locally based relationship banking in the decade before the recent financial crisis. There is now no institutional structure in place to offer countercyclical lending, particularly small and medium sized businesses, in place of the banks.