HSBC has announced that it will keep its headquarters in London, but said that up to 1,000 investment banking jobs could move to Paris of the UK votes to the the European Union.
What caused Britain’s and the USA’s financial crash? What is its legacy? How to deal with the consequences? David Potter, who built the global, hi-tech company Psion, and then served on the Bank of England when the crash began, addresses these questions with the exceptional authority of a businessman amongst economists.
The House of Lords is awash with voices from the City. According to research by the Bureau, 16% of active peers benefit from links to the financial services sector.
The British financial services industry spent more than £92m last year lobbying politicians and regulators in an ‘economic war of attrition’ that has secured a string of policy victories.