Time to go.

What I like most is how he corrects Boulton with exactly the same quotation that Boulton just read out; essentially he agrees that he misquoted Osbourne but says that what he said was right all the same.

Then he says he wanted a market solution over Northern Rock; a market solution he knocked back twice when it was presented to him. At least he learnt his lesson when it came to HBOS, but should HM Government really be run by trial and error?