Not a Sir anymore.

I wonder how much that will wipe off RBS share price tomorrow and how much the taxpayer will lose.

They should give it to Lester Piggott instead.

I'm sure he'll be crying into his Cristal tonight. What a fooking pointless exercise.

When will they be stripping Archer of his enoblement? Or any of the other convicted criminals that have padded out the honours lists for decades past?

Will they be doing the same to [url=http://news.bbc.co.uk/panorama/hi/default.stmLord Michael Ashcroft[/url?

A mere token gesture. He'll be devastated as he looks at his bank balance.

The timing of this announcement on the same day as we have been made aware of Camerons capitulation to Germany and the Eurozone, is of course purely coincidental.

It makes a nice story for the tabloids to run on their front pages rather than the real story of Camerons euro surrender.

Could they now change his name to from Mr Goodwin to Mr Badloss, because that's what it was.

My surname is Goodwin (genuine) as a kid i always got Badlose........

You think being stripped of his title won't affect him? I'd bet in the circles he moves its a huge embarrassment. If he wasn't interested he wouldn't have accepted the 'honour' in the first place.

The reason he has been stripped of his title is political. We are in the midst of this controversy over bankers bonuses which the govt has taken a lot of flak about so at this point in time making a gesture like this makes it look like a banker is suffering.

He is a sacrifice to try and make it look like bankers can't get away with their actions. It is an attempt by the govt to look tough on bankerrs and to deflect the focus away from bonuses and any reform of the bonus system.

Will Hutton on 5 live yesterday suggested it would be seen as a bad thing in banking circles. Yes he's got plenty of money, but as you say the embarrassment will be bad for a while.

Agree with Coddy that we should go after Archer too

Or was it Ashcroft?