Bankers v the rest of us. Why is this government so firmly on the wrong side?

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I've already noted this morning that the government is intent on virtually eliminating, for all practical purposes, the right of many UK workers to strike.

At the same time the FT notes that the row between the UK and EU on the peculiarly London focussed habit of paying enormous bonuses to bankers rumbles on, with our government firmly on the side of the bankers with the EU firmly opposed.

There is no doubt that the pay practices our government is seeking to defend are profoundly anti-social in their impact and severely distort many markets. I believe the tax system should be used to curtail them. Our government argues in their favour.

No wonder so many want to quit a country dominated by such logic. That's the only sane option given the choice.


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