The Most Expensive Word In The World?

I love this……but for all the wrong reasons!

 

You would be forgiven for failing to notice that the financial regulator, the Financial Services Authority (FSA), has been dismantled and replaced with the Financial Conduct Authority (FCA).

 

But here’s the thing……the dismantling leaves the new FCA with: 

 

• The same remit
• The same address
• The same company registration number
• The same staff
• The same lack of accountability

 

The cost of the dismantling has jumped to £44 million, up from the £25 million originally estimated.

 

Question: Other than a new sign above the door and a now logo on the stationery, what exactly do we get for £44 million?

 

Answer: The word ‘service’ replaced with the word ‘conduct’.

 

One word at a cost of £44 million.

 

Genius.