I don’t really understand the regional inequality point. Obviously the City is uniquely rich and full of investment amongst places in the UK, but that is because we are fortunate enough to have one of the world’s foremost financial centres. Most firms in the City view Paris and Zurich as their alternatives, not Manchester and Birmingham, and I don’t see how that can be changed.
I think the country is much better off with the City than without it and to some extent we must be accommodating of it, not bending it to our will.
I think the country is much better off with the City than without it and to some extent we must be accommodating of it, not bending it to our will.
Disclaimer: written from my desk within the City.