Two Conservative MPs seen as ‘rising stars’ by some have just published a book.

‘Masters of Nothing: How the Crash Will Happen Again Unless We Understand Human Nature’ is an account of the financial crisis by Matthew Hancock and Nadhim Zahawi, who both became MPs in 2010.

So what does the book have to say?

Ben Brogan reports from the book launch:

Their suggestions have caught the media eye: quotas for women in executive roles (Jack Dromey welcomed Mr Hancock as a new member of Harriet Harman’s sisterhood in the street earlier) ; penalties for failure, not rewards; some kind of invigilator for banks – a ‘public protagonist’ to question investment decisions taken by boards.

If I’m reading that correctly, these are calls for more equality and diversity in the workforce, proper penalties for executives who fail (more shareholder activism?) and better regulation for banks to question where their money goes?

Hey, who can argue with that?

Predictably, some weren’t impressed.

It has become fashionable in some Tory circles to decry the failures of capitalism. But what Messrs Hancock and Zahawi have done is thrown down the gauntlet to Tory traditionalists, and to judge by some of the comments about them I’ve heard this evening (’commies in a blue wrapper’ was the best), they may just spark a bit of a ding dong.

I’m looking forward to it.

Reader comments

1. Liberal Conspiracy

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2. David McMillan

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3. w.m o'mara

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6. Dave Watson

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10. Gus Hoyt

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