Myners receives a frosty welcome from the City

Not many people get to upstage Grim Gordon on his day of glory. Waving his tatty red leather box and grinning like someone who knew something we all didn't, the Iron Chancellor arrived for his annual, stick-shaking ceremony at the House. Budget day brought no surprises, which is just as well given the impact of the Myners Report. The Budget was chewed up and spat out in hours. Myners is less digestible. Myners is set to become a word in the lexicon of the City to match Cadbury, a shorthand which gives no clue as to the impact of the reforms proposed by first Sir Adrian Cadbury (on corpora...