Taking a stick to the banks is an easy win at present, especially if you are a politician who was exposed by the Daily Telegraph for profiting from the excessive expenses system MPs have been using. One such MP is George Osbourne the shadow chancellor.

Today he is calling for bank bonuses to be capped at £2000.  He is, of course making political postures at a time when you can say what you like about bankers and it keeps the public's attention off his excessive car journey costs.

There does need to be a proper open debate about how the public funds that the banks have received is used. But there is an underlying trend occurring at the moment that fills me with fear. Knocking bankers is part of the national conversation at the moment and people like George Osbourne, heir to a baronetcy , are adding fuel to the fire. By making out that all bankers are evil the entire industry becomes a loathed wart on the side of our nation's face and all balanced assessment of its place is lost.

There is precedence for this behaviour. Miners, teachers, farmers and just about every part of our manufacturing sector were clobbered in the past because of the poor behaviour of some.

We have no mining in this nation what so ever and a legacy of destroyed communities and long term unemployment as a result. Our manufacturing, although still a beacon of excellence, is a shadow of its former self and it is only in recent years that teaching has once again become a respected career.

If Osbourne and his followers continue to trash banking as a whole, because they cannot pick the debate apart then the nation will lose yet another sector that it is currently a world leader in and then spend the rest of its days bemoaning our once great place in financial history.
If this happens our position not only as leader in banking, but also as a nation that has some of the best banking CIOs and attracts great CIOs from overseas who are keen to be in our financial sector, will be lost forever. Talk to economists and they will tell you countries around the world are looking at Britain's place in the financial world with envy, and they are ready to take it if the opportunity arises.

If Osbourne really wants to show leadership and if the Conservatives want to gain the trust of C-level management, which as we see in the FT today they do not have, then they will have to discuss issues properly and not just seek sound bites.