Liam Halligan: Why we need to follow the Irish and restructure our ‘zombie’ banks

Liam Halligan writes another excellent piece in today’s Telegraph. Here’s my favourite quote:

In the UK, senior Labour politicians, who earlier in their careers showed signs of economic literacy, are peddling the same economic snake oil [of piling debt on ever more sovereign debt]. Ireland shows the “extreme dangers of austerity”, they say. That’s the message, of course, they must deliver to their public-sector union paymasters – manipulative, selfish men who represent less than a fifth of the British workforce. Senior Labour figures should know better – and they do! They’ve simply allowed their intellect to be trumped by their ambition.

May all power reside in Mr Halligan’s elbow.