It has come to seem, for many people, a sort of laboratory in which a rawer, less-cohesive Britain is emerging; a crowded, hustling place of vaulting earnings for the rich and of widening income disparities, which drains talent and wealth from the rest of the country.
Ya think?
Despite these fears, those who cheer as the City falters, will be wrong. The gains from London's position as a global financial hub, a source of envy to other countries, outweigh the losses. Every economy needs an engine-room: better one manned by bankers than none at all.
Of course they outweigh the losses if you're one of those with a regular seven figure bonus.
If you're in the majority of the population - the poorly paid who can barely afford somewhere to live - the losses far outweight the gains.
Because there are no gains.
Does the Econo take its own writing seriously? Are the writers genuine ideologues, or do they sit around their word processors laughing and chuckling to themselves as they write this crap?
