Today the claw has been extended in a full and vicious swipe:
Buried in George Osborne’s plans for revamping City regulation is a small paragraph suggesting that the Takeover Panel, the Financial Reporting Council and the markets and securities division of the Financial Services Authority could be combined into a single markets super-regulator. To judge by the skimpiness of the detail, this idea looks as if it was sketched out on the back of fag packet in the taxi ferrying the Shadow Chancellor to his press conference.
More follows in the same vein. Indeed, it goes deep into the same vein, artery, flesh and fibre, working up to the knock-down blow:
The Panel and the FRC are trim, specialist organisations doing good work without fuss, with the co-operation of the industries they supervise and on relatively slim budgets. To meddle with them looks perverse.
If it ain’t broke … as the Conservative Party used to say.