Lovely stuff, free money. But even this commodity can be remarkably hard to hand out on occasions. Just ask that strange quango, Banking Competition Remedies (BCR), which has been struggling to find willing recipients for £700 million of cash. Quite often, even when it does find someone to take the loot, the money later boomerangs back. But this was only after broadening its qualifying criteria last summer when not enough candidates applied, and even this was still shy of its original target.

Source: The Times July 26, 2021 16:02 UTC