Comment on Labour Policies : Labour Economic Policy by Disillusioned.

I find it disgraceful that every party seems all too happy to engage in populist bank-bashing, when the City is really the golden egg of the British economy; there isn’t much chance of competing with emerging markets like China in the manufacturing sector, and trying to base our economic recovery on it is building our house on sand; without financial services, Britain isn’t likely to stop being the sick man of Europe any time soon – while I completely agree that the City wasn’t regulated enough, overtaxing and overregulating the sector now will just lead to companies and talent moving abroad, which is the last thing that Britain needs right now.