I DON’T think the Vickers report goes nearly far enough in disrupting the activities of the financial services sector.

We should downsize the whole industry; society has nothing to gain by massive trading between computers trying to outwit one another.

Why would we want to encourage our brightest minds to spend their lives in a socially useless activity? The whole system is stark raving mad, one trader acting alone in UBS managed to rack up losses of over $2 billion without the bank noticing. It beggars belief !

Investment banking should be a boring utility business, currently they are using our money to do any damn thing they please, with no limit.

Banks’ liabilities are four times the size of UK GDP; they have proven they can’t be trusted to act like responsible adults.We do not need this industry and these people with their vast miasma of impenetrable financial products.

It’s a dirty business that has taken its customers for a ride, misbehaving in consumer lending and marketing products in a way that a brewery might seek out alcoholics to encourage them to drink more. “Put a firewall around their activities,”

Vickers says.

Not enough! I would fully nationalise Lloyds and RBS at current market values, split them up and return them to market in a form not dissimilar to the old building societies.

Cllr Martyn Cox Westhoughton North and Chew Moor