The Tories have quietly scrapped a crackdown on fatcat bank bosses

‘The Tories have quietly dropped a crackdown on fatcat bosses who preside over reckless behaviour in Britain’s banks.

Labour and Lib Dem peers voiced their fury today after the move was slipped without fanfare into an obscure section of a new banking law.

Lib Dem Baroness Kramer accused “outrageous” George Osborne of “buckling to pressure from his friends in the banks” – and warned it could allow bosses to turn a blind eye to another LIBOR rate-rigging scandal.

The ex-MP told the Mirror: “People are no longer talking about the banks so the Tories think they can go easy on them.’

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