Thanks for the reply. Regarding whether we should give Osborne the benefit of the doubt as to whether he or not he is merely observing the existing situation, the acid test for me is whether he intends to do anything about it. I don't see any evidence that he was any interest in tackling the financial sector in the way that you suggest. Indeed, if anything, the Tories appear to pushing for deregulation of the financial sector at the moment.

The only senior Tory I know of who might have a contrary view, and said so even when it was unfashionable, is David Willets, and he's just been sidelined.