I wish banks had never invented the one thing they give us for free

This was a comment I made during a panel at the ACT Conference in Edinburgh, where I joined esteemed
speakers in a BBC Question Time style debate, chaired by Andrew Neil,
the political journalist and writer.

The other speakers on the panel were:

• Angela Knight CBE, CEO, British Bankers’ Association; 
• Robert Waugh, Head of UK Equities, Scottish Widows; 
• Sahar Hashemi, Co-Founder, Coffee Republic; and 
• Trevor Williams, Chief Economist, Lloyds TSB.

Questions included:

• “Are
  business ready for stagflation – the nightmare of low growth and high
  inflation?”
• “Should
  the UK take advantage of the weakness of sterling today and join the euro?”
• “Dubai,
  Mumbai, Shanghai, Goodbye? Will China and other economies offset recession
  in the USA?”
• “After
  China’s success, which countries would you look to invest in next?”
• “Will
  the turmoil in the credit markets spread to the equities markets?”
• “Can
  the panel name any organisation or institution that they think is responsible
  for this crisis?”
• “Can
  anyone on the panel name one bank product that they wish had never been
  invented?”

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