There will be a tidal wave of rage. Over the next two weeks the executives of the leading British and American banks will announce that some £50bn is to be taken from accumulated profit and handed over, not to shareholders or taxpayers, but to themselves. It will be the most outrageous contempt of democratic authority in modern times.Yes, well. They'll get theirs. And when the mob come for them with burning brands and lengths of hempen rope, there will be few enough who will care to defend them. I certainly shalln't.
Yet the London property market was driven to a significant extent by those bonuses, trickling down to boost the value of even my own modest abode. Londoners who look forward to their homes regaining their 2007 bubble values shouldn't really protest overmuch about the bankers.