It looks as if Barclays wants to head back to the days of the wild west in the City of London when the economy was explicitly run for its benefit.
Banker says government should think about the City….not all that unusual an argument really.
The City is at a “tipping point”, with the current burden of tax and regulation at risk of deterring inward investment and damaging London’s role as the world’s leading financial centre, John McFarlane will warn in his inaugural speech as chairman of the CityUK lobby group on Wednesday.
Not surprising at all. And what fact does the Murphaloon call into play to tell us why this is all, candidly, neoliberal sophistry?
The trade deficit is at extraordinary levels.
Well done there, well done. The reason we shouldn’t be considering the interests of one of the country’s major export sectors is because the trade deficit is very large.