What a U-turn

Boris Johnson – formerly the City’s self-proclaimed champion – went on the offensive yesterday as he said he would take a harder line with the banking industry.
It was only 2 weeks ago at the Tory party conference that he stood up for the country’s most vituperated sector, reminding everyone that the so-called leper colony in the City of London produces 9% of UK GDP etc... etc...
Therefore it was rather surprising to read that Bozza described bankers as ‘cockroaches’ and attacked the City’s culture of ‘greed’. The man is not afraid of taking a stand and has made his feelings very clear once again.
The obvious question is: what has prompted a volte-face of such magnitude? I think that Boris Johnson has realised that the main players in the City are refusing to learn from their recent badly misguided actions. He has probably felt that the same horrible mistakes that led to most of the problems that we are facing now can be easily repeated again and again. If my assumption is right, then surely I can’t blame Bozza for making such strong statements, in fact I support him wholeheartedly.