The Economist cuts through the confusion.

Nor are Mr Osborne’s warnings about anti-business forces convincing. Although Britons are cross about high pay, few seek capitalism’s overthrow: they dislike corporate fat cats for being fat, not for being cats. As for voters’ stated desire to see bankers suffer just retribution, they need to explain their dislike of well-paid BBC or railway bosses who did not cause the credit crunch.

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