By Patrick Ward
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Morally Bankrupt

This article is over 10 years, 10 months old
The "talented" Chris Huhne has made it clear he's no enemy of rich bankers.
Issue 356

“I am not against – whether they are footballers or bankers – people who have particularly high skills or talents, being paid whatever you can get in the marketplace,” said Lib Dem energy secretary Chris Huhne last month. Huhne should know, having used his (presumably) high skills and talents to make his estimated £3.5 million fortune in the City before joining the commoners in parliament.

Meanwhile, according to property website Rightmove, this year’s banking bonuses(totalling around £7 billion), have skewed the housing market and led to an increase in London house prices of 4 percent from January to February this year.

But this isn’t a problem for everyone. “I have investments in five homes for rent, which is basically my pension fund from my time in the City,” Huhne boasted last year, “and we have two homes we actually use, which is one in Eastleigh and one in London.”

It was only last April that pre-election Nick Clegg argued, “Bankers must understand that after the billions pumped into the banking sector there can be no financial or moral justifications for the obscene bonuses which are still being paid out.” Who needs morals when you’re a Lib Dem minister?

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