Fred Goodwin knighthood: Who is next in the firing line of our political leaders’ misplaced ire?

By
Donal Blaney

Last updated at 12:54 PM on 1st February 2012

The decision to cancel and annul the knighthood previously bestowed on Fred Goodwin, the disgraced former head of the Royal Bank of Scotland, sets a very dangerous precedent indeed.

It comes just a day after a public clamour, again led by the Prime Minister and the Leader of the Opposition, forced the current Chief Executive of RBS, Stephen Hester, into giving up his near £1m bonus all because (a) RBS is 83% owned by the taxpayer and (b) there is now a sickening climate of envy and class war in the air that is being fed upon by our political masters.

It’s like that scene in The Holy Grail when the crowd clamour for the burning of a witch because “she looks like one” or when that crowd of idiots in Portsmouth attacked a paediatrician because they thought he was a paedophile.

The near-collapse of Royal Bank of Scotland cost taxpayer £45bn in bailout

The near-collapse of Royal Bank of Scotland cost taxpayer £45bn in bailout

The Labour Party’s opportunistic and crass motion calling upon the government to intervene to stop the payment of Stephen Hester’s bonus, trailed in the media on Sunday evening, would have been of no practical or legal effect whatsoever.

Nonetheless so supine is the government – so craven is the media when smelling an opportunity to take the pressure away from itself – that we now have a situation where contracts are no longer honoured and all it takes to remove an honour bestowed on someone by the Queen is for a public campaign of vilifcation to be mounted by those who will not be happy until Britain becomes a social democratic republic in any event.

When Theresa May referred to the Conservatives as “the nasty party”, she was right in one sense only. The Conservatives are supposed to be grown-up party – the party that prescribes the sometimes unpalatable medicine to the country in order to help the country recover from the profligacy, incompetence and sleaze that invariably besets a Labour government.

Pressured: Stephen Hester, Chief Executive of the Royal Bank of Scotland gave back his £1 million bonus after huge public pressure

Pressured: Stephen Hester, Chief Executive of the Royal Bank of Scotland gave back his £1 million bonus after huge public pressure

As Margaret Thatcher once said, the problem with socialism is that socialist governments eventually run out of other people’s money.

The Conservatives should have adopted an unpopular stance when it came to Sir Fred’s knighthood and Stephen Hester’s bonus. The party should have stood for the rule of law, the sanctity of contracts and against the baying mob.

Bill Buckley, the founder of the American journal National Review, said that he wanted his publication to “stand athwart history shouting stop!”

That is what a grown-up Conservative Party should do – stand up to those who are engaging in political debate that would be puerile if advanced in a students’ union, let alone on the national stage.

Now that the dam has been broken, whose contract is next to be questioned? Which taxpayer funded individual working for a bank? Or other public sector worker? Or privately employed individual?

And which other honour recipients are next to face the ire of the media and our weak political class?

For first they came for Sir Fred Goodwin and Stephen Hester…

 

Here’s what other readers have said. Why not add your thoughts,
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The comments below have not been moderated.

Surely Gordon Brown – who has more responsibility than any other British politician for the mess we are in – should now be stripped of his Privy Councillor status?

He lost his knighthood as a consequence of complete and utter failure that cost this nation billions and that cost his employees their jobs and homes. His award was made by Gordon B for services to banking. Correct decision made no matter what political intrigue may also lay behind it.

A Very Dangerous Precedent? I hardly think so. People who display exceptional qualities, in bravery over and beyond the call of duty, or in their magnificent efforts whether they be for the country as a whole, or for their local community, are rightly selected for the award of honours and even titles. But those who then subsequently prove to have been more interested in their selves and their own pockets, and not overly concerned about the collective welfare of the nation or sections of the population deserve, as this case so evidently highlights, to have their titles and honours revoked! I think this is in fact a very common sense approach to this issue and one which I’m sure will be supported by the majority of the population – but not by those who may fear to lose their lucrative honours and titles if they have, shall we say, have erred from the path? Personally, I think we should erect a guillotine in Parliament Square!

How about most of the undeserving? Maybe sportsmen/women, anyone to do with “public service” – the list is endless. Especially anyone involved in politics. Lord Mandelson for instance? Lord Archer maybe? Lord Kinnock?…and on and on and on.

When are you going to realise that the banks are just the government’s cover-up story. They relied on the tax from the banks profits cut down on industry and got us into debt. Debt that because there’s no money rolling in from the city they just can’t afford to pay hence the cuts. Don’t believe the hype blame the government/Brown/ Blair they spent all the money.

People at the bottom who’ve done nothing wrong are finding themselves either out of work, or having their lifestyles cut for reasons directly related to the way banks behave.
the 1930’s busted a lot of people not on the stockmarket as is the popular memory, but when banks defaulted upon their savings that were NOT invested in the stockmarket, and were thought to be safe.
“The Bank of Under Your Mattress” is becoming fashionable again, and it’s all thanks to those at the top who’ve made sure their own nest is feathered at everyone else’s expense first.
There’s no misplaced ire here. The public want blood, and if they are now starting to get it, then long may it continue!

While we are at it, what about Baroness Undin, Kinnock, Prescott and the whole host of donors to the Labour Party? Not to mention the raft of Trade union dinosaurs who now carry on the Socialist programme in the Lords.

The withdrawl of his Honour wasn’t wrong. His ‘crime’ goes deeper than the money. He damaged the reputation of the Banks and the City of London in General, not just for British plebs that know nothing about it, but globally. We do live in a very sad age where notions such as integrity and trustworthiness are equated with gullibility. But it was such ‘gold standards’ that built the City up in the first place. Now it doesn’t even have the actual gold thanks to Gorden Brown, without respectibility and responsibility as a foundation, it’s days will be numbered. As much as some ‘plebs’ dream of seeing the demise, they wouldn’t like life without it one little bit. There are other options around the globe now and every likelihood of more nations taking up that profitable mantle in the next few years.

It’s like that scene in The Holy Grail when the crowd clamour for the burning of a witch because “she looks like one” or when that crowd of idiots in Portsmouth attacked a paediatrician because they thought he was a paedophile.
Misguided information if your going to report a story at least research the material you are going to use. Basic 101 journalism. As I was born and raised in Portsmouth and still live in the area, I thought it best to point out after very little research that this DID NOT happen in Portsmouth this happened in Gwent, Wales.
This goes to show if you google something the first report you see might not always be right!!!! Please as professionals you should look more carefully.

lol MISPLACED?
What planet are you on? If ‘grown-up’ means doffing our caps to people who congratulate themselves at wrecking our nation then I’ll stay in the playground tyvm.
Hardly a witch-hunt when no sane person denies that this man’s management *of a bank* led to a £45b tax-payer loss: hardly a witch-hunt to demand that he lose a knighthood bestowed on account of his services *to banking*.
It’s not as if this is an irrelevant response: it’s spot on!
Jeeeez what would this article look like if it were someone you consider to be ‘of the left’? Perhaps the head of a charity, a longstanding union leader, or maybe a senior civil servant? What would you be saying if someone like THAT had lost the taxpayer £45b and then had their knighthood revoked?
This is biased rubbish and you should be ashamed of yourself for placing deference to the rich before loyalty to the crown. If anyone needs to grow up it’s you: stop idolising fairytale princes.

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