Tuesday, 6 October 2009
The George bit of the David & George show says Labour is seeking to "suck up to business" and the Tories were not "bedazzled by big money" and would "not fawn over" wealth creation. He surely jests. Assuming the Tories win the General Election (by no means as certain as some would believe) there will be at least 50 MPs with Financial Services backgrounds. Moreover the Tories have recruited two exceptionally wealthy City performers (Michael Spencer CEO Icap and Stanly Fink former CEO of Man Group) as the Party's co- treasurers. Cameron has also created a network of supporters, many with City backgrounds, who have special access to him. Let us assume that Cameron & Osborne are sincere about curbing the excesses of the financial services industry, any one who thinks that they would be allowed to do anything effective about it is living in fantasy land.