Goodwin debacle should give insight into honours system

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The fact that Fred Goodwin no longer gets to go by the title ‘sir’ throws up some far bigger issues than whether it was right or wrong to strip him of his knighthood.

I couldn’t give a kipper if the former Royal Bank of Scotland boss has been unfairly scapegoated.

It’s not as if bankers in general deserve too much of our sympathy right now.

But the whole debacle should at least teach us something about our honours system and the ludicrous way we trump up people for services to this, that and the other.

So here’s an idea. Let’s only hand out knighthoods to those who’ve done something good for someone else.

That way, we’ll be sure that only the honourable get the praise they’re owed.