The Northern Rock pantomime goes on. And on.
Following the announcement that Ron Sandler, former boss of the London Stock Exchange has been drafted in to rescue the failed bank, I see from the excellent Iain Dale's blog (http://iaindale.blogspot.com/) that Alistair Darling, our illustrious Chancellor of the Exchequer and Guardian of the Public Purse, has agreed the remuneration which Mr Sandler is to be paid.
£90k per month. WHAT? I'll say it again. Ninety thousand pounds a month. Do you think Mr Sandler will give us an update on his progress?
After all, we're paying his salary.