I would simply like to say that it is time for an election. !!!

mike, cam,

so there aren't any NuLab MP's able to perform this new Minister's role ??????

Mike, Sole Street, England

So bring in a top banker to fix the credit crisis and a fox to protect the hen coop.

Simon Taylor, Birmingham, UK

Whenever Mandelson announces anything,there is only one question any honest, decent, law abiding UK citizen should ask:What on earth is Mandelson doing in Government ?

Philip, Braintree,

Brown has not been elected PM in a general election. We have an unelected PM appointing Mandleson and Davies to the government despite them being unelected.

These unelected individuals are giving away taxpayers money and deciding on Heathrow runway3 and hiving off part of Royal Mail. Undemocratic

Tim, Sherborne, England

These businesses have over extended themselves and should go bust. Why delay the inevitable? The sooner the system is cleansed of these nightmares the better and we can start to rebuild Britain.

Phil, London,

Is it Mr Brown's intention to transfer the seat of power to the Lords. Or is it just that the current crop of Labour MPs boasts none of ministerial quality. BTW, he won't be doing it for nothing. The expenses in the Lords are second to none.

tris, dundee,

Great, another banker to bail out the bankers. I must say I'm resting easier now we have another banker advising the hapless Government.

Simon Booker, Surrey, UK

It seems that bankers know the solutions to the problems created by bankers.

Frank Upton, Solihull,

How will this affect standard chartered and its share price then?

Do you agree that they are one of the strongest banks coming through this reccesion?

anthony, monmouthshire,

what would be the point of a public vote for this role if the person in question isn't a public figure? it appears Mervyn Davies has been elected on his credentials, not his public appeal... too right too. let him do his job

kieran, birmingham, UK

An unelected minister appointing another unelected minister...

Are there any other appointments yet to come out of the woodwork?

Terry, Wigan,

So first the unelected Mandelson is appointed to government and then he brings in the unelected Mervyn Davies ... someone remind me, is Britain still a democracy?

M. Jamieson, Exeter,

I though top banker was rhyming slang. He is one of many in this government, then!

Dave, Slough,

Do you want to run the country? No need to go through the tiresome bother of being elected. With friends in the right place you can be 'elevated' (if that is really the right word?) to the House of Lords and - presto! - you're a Minister of State. Just like that!

William Pender, Salisbury,

Great Conservative idea - should have been done months ago when Osborne first suggested it.

Instead we have had to tolerate more delay and dither from the "do anything and do everything in a muddle party".

Father Ignatius Brown, Norwich, Norfolk

Andy - he is not getting "payed" at all. Neither is he getting paid in his new job. He is going to "do" it for free. As it says in the article, in fact...

Luke, Sevenoaks,

So Davies "played a KEY role in the multi-billion pound bailout of the banks last year" did he?.
1. Well he failed there.
2. He needs to choose his friends more carefully, associating with known fraudsters will endanger his future prospects and bring further ruin to the UK economy.

alan, worcs, uk

Yes but, are the people confident enough to go out and borrow more money to spend?
We shall see...

Graham , Littlehampton, West Sussex

Hope he will be payed on results.

Andy, correze, France

It is interesting that this Government suddenly believes small business are "the lifeblood of the economy". So why has Gordon Brown spent the last eleven years attacking them, starting with IR35 and followed by all the other spiteful nonsense?

Terry, Istanbul, Turkey