Interviewed in today’s FT about the financial turmoil, he said:
‘Are there concerns? Yes. Is there going to be a British banking collapse? No. Do I think there has been too much of the media scaring people? Yes I do. Aren’t we better off trying to creat some stability to get back on track?’
‘What is the point in being negative? We have 40,000 people. If I let my head go down I have nowhere to go.’
Stern, stirring stuff. Good on ya, Sir Phil! Don’t let the weedy financial wibblers wreck the system!