BORIS Johnson yesterday launched an impassioned defence of the UK banking sector by labelling governmental attacks on the sector as “nuts”.
The Mayor of London’s comments are a sign that he is not yet ready to shrug off his self-styled mantle as the City’s “champion”.
“I think it is completely nuts for people to want, as a matter of public policy, to attack the financial sector,” he said, speaking at the Google Zeitgeist conference yesterday.
“We need a great City where business can raise capital in order to expand and I will continue to protect that,” he added, though he admitted bankers have made “huge mistakes”.
Johnson’s comments come after Vince Cable, who is notorious for his anti-bank stance, was made business secretary.
Labour’s Alan Johnson, the former home secretary, yesterday emerged as a possible 2012 mayoral candidate.