Fred Goodwin: decision to strip knighthood was result of 'anti-business hysteria'


The decision to strip Fred Goodwin of his Knighthood has been condemned by politicians and business leaders who have accused the government of allowing “anti-business hysteria” to take over.

The shamed RBS former chief executive had his honour annulled by the Forfeiture Committee after overseeing the biggest failure in British banking history, resulting in a £45 billion bailout by the taxpayer.
But the decision has been criticised by many leading business figures who argue that he has been unfairly singled out for his role in the banking crisis and has become the victim of a “lynch mob” mentality.
Former Labour Chancellor Alistair Darling said the decision to remove Mr Goodwin’s honour was “tawdry” insisting there were other bankers with honours who could equally be punished for their reckless actions.

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