Quote:
Originally Posted by Chrysalis
It will cost jobs in the short term no doubt, however I think the financial sector has clearly damaged other sectors.
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Yes it had but decimating it now doesn't undo all that's been done does it?
We should be working to keep the City and banks (much of which we now own via RBS and Lloyds/HBOS) at the top of the pile whilst making sure that the sort of dubious practice the govt. of the time and FSA so miserably failed to identify/deal with can never happen again. Perhaps regulation by the B of E will be more effective. Anyway, I'd far rather see the City's massive taxes used to help rebuild the industries it damaged here than see it and the money it generates benefit other countries.