Quote:
Originally Posted by Osem
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.
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Thats just it we have no control soon things get warm in europe they will move there head offices to asia markets anyway. Infact go far saying UK needs to prepare for the worst case scenerio that the financial sector will walk out london. those banks we own is'nt garanteed either especially when the governent believe selling it off. Once gone they lose that security of keeping them here.
Yes there was the danger but that danger not gone away because cameron went to bed with them courted them. Motto is never trust banker cameron should heed that warning very close to his chest.
There lies the issue we simply too scared to take them on. I think its toss up who right like said by god if cameron loses what he protecting then the help from EU.
Personally way I see the lesser of two evils was possible accepting the agreement but thats personal opinion.
Fear this one will bite cameron up the backside.