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  1. Wealth
July 18, 2009

Sunday Times: Lord Myners loses faith, finds god

By Spear's

Lord Myners, the minister appointed to clean up the City, is so disenchanted by bankers’ greed and self-aggrandisement that he is planning to become a theology student.

From the Sunday Times:

Lord Myners, the minister appointed to clean up the City, is so disenchanted by bankers’ greed and self-aggrandisement that he is planning to become a theology student.

Myners, who was blamed for failing to block Sir Fred Goodwin’s £16.9m pension payoff,and has spent the past few months trying to persuade the City to curb its casino culture, has attacked the “troubling absence of clear moral purpose” in banking.

He amassed an estimated £30m fortune himself in business and financial services before joining Gordon Brown’s “government of all the talents” last year as financial services secretary. Several other “goats” have already resigned.

This weekend Myners said he no longer intended to return to the City full time when he steps down as a minister. He told The Sunday Times he was worried he may have “neglected” the moral purpose of life and was “increasingly exercised and concerned with the fact that we have compromised our lives”.

To read the full story, visit timesonline.co.uk

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