Britain isn't open for business but business here is open to abuse Royal Bank of Scotland may be 83pc owned by taxpayers but it is a commercial bank operating in commercial markets and should be treated as such by politicians. Their interference, and the market's fear of further interference, cost taxpayers £900m on Monday in lost value in RBS and Lloyds Banking Group. Yet this madness goes unheeded. The Tories have allowed Ed Miliband, an otherwise weak and feeble Labour leader, to hijack Parliament and threaten a Commons vote on anything. Bob Diamond, Barclays' chief executive, is obviously next in line for the Hester treatment but Cameron will sit by and allow the private sector to be humiliated by an Opposition that brought the UK to its knees, when in power, through its utter mismanagement of the public sector. RBS was bailed-out by taxpayers but it was Labour's regulations (and knighthood) that allowed Goodwin to embark on his folly. There will be no growth without the private sector, there will be no jobs without the private sector and there will be no recovery until banking has recovered. It's time Cameron has the guts to draw a line and stand up for business. If you're an overseas company, don't believe the rhetoric. We're not open for business, but come here and you'll be open to the threat of political abuse and arbitrary measures of retrospective and empty vindictiveness.