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Digital Subscriptions > Prospect Magazine > September 2017 > Letters & opinions

Letters & opinions

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Guilty men

Ben Chu’s analysis of where culpability lies for the financial crisis (“Where are the guilty men?”, August) puts some of the responsibility on our political class, but not enough. The UK government and its central bank oversaw the debt and property bubble and have offered few explanations. The unwinding of the quantitative easing programme is still clouded by smoke and mirrors.

Decisions taken by the Treasury are worthy of further scrutiny, especially its approval of the takeover of National Westminster Bank by Royal Bank of Scotland in 1999. RBS integrated into its limited Scotland-based operations the complexities of a major (and systemically important) English clearing bank, which was much larger than the bank purchasing it.

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In Prospect’s September issue: Emily Andrews, Andrew Brown and Tom Clark assess what the reign of King Charles might look like. Andrews profiles Charles and questions whether he will be able to keep his opinions to himself. Andrew Brown look at the coronation—the world is a very different place now from when the last one took place. Tom Clark explains the results of our poll, conducted by ICM, into people’s view on Charles taking the throne—it turns out fewer people than ever before want the heir to become our monarch. Elsewhere in the issue Nick Cohen details his battle with the bottle and shows that Britain has a problem with drink that it doesn’t want to talk about, and Toni Morrison Also in this issue: Toni Morrison on America’s stubborn race divide, Brian Klaas on how Europe should deal with Trump and Jessica Abrahams explains everything you need to know about fourth wave feminism
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