ALEX BRUMMER: Bailey deserves the benefit of the doubt over LC&F
As a rule, public servants rarely apologise, even when faced with world-class mistakes. Montagu Norman never said sorry for putting Britain back on the gold standard in 1925 and there was no mea culpa from the late Eddie George over the Barings implosion in 1995. In that context, the apology by Andrew Bailey to bondholders … Read more