• Remind me again how much of our economy is financial services?

  • Yeah I know - but if he can weaken the financial services industry while blaming it on Brexit, wouldn't that be basically a coup for Corbynomics?

    Am not saying this because I support it, I’m just thinking aloud really.

    Edit: exhibit A
    https://labour.org.uk/press/will-make-finance-servants-industry-jeremy-corbyn/

    For forty years, deregulated finance has progressively become more powerful. Its dominance over industry, obvious and destructive; its control of politics, pernicious and undemocratic.

    The size and power of finance created a generation of politicians who thought the City of London could power the whole economy. Out of control financial wizardry and gambling were left barely regulated, while the real economies in once strong industrial areas were put into managed decline. The welfare state was left to pick up the slack with sticking plaster redistribution to the people and places held back by the finance-led boom in the South East of England.

    For a generation, instead of finance serving industry, politicians have served finance. We’ve seen where that ends: the productive economy, our public services and people’s lives being held hostage by a small number of too big to fail banks and casino financial institutions.

    No more. The next Labour Government will be the first in 40 years to stand up for the real economy. We will take decisive action to make finance the servant of industry not the masters of us all.

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