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    Bankers caused all the global economic mess..........................

    Archbishop of Canterbury criticises bankers for 'culture of entitlement'

    Justin Welby, member of all-party commission looking into banking standards, throws support

    behind a new standards body

    Justin Welby, the archbishop of Canterbury, repeated his warning that Britain is in an economic

    depression from which it could take a generation to recover. Photograph: Philip Toscano/PA

    The archbishop of Canterbury, Justin Welby, has accused bankers of having "a culture of entitlement"

    in a scathing critique of the City's ethical and professional standards.

    Welby, a member of the cross-party Banking Standards Commission, said bankers should be

    required to pass exams in order to raise standards in the industry and restore public trust in the profession.

    His comments come as the commission prepares to publish its final report on how to improve behaviour

    in London's financial centre. George Osborne, the chancellor, has pledged to incorporate its proposals

    into draft legislation.

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