27 April 2015

Quote of the day

From The Times (here):
The more you hear about them, the harder it is to like them. Quite what the agenda is when HSBC’s bankers are threatening to quit the UK is not immediately obvious: a dislike of an EU referendum, the Labour party, paying their dues?
In this post-financial crisis world it is easy to forget that the bank levies are not being foisted on the likes of HSBC by a mad bunch of Bennite lefties but by a Conservative chancellor trying to repair the deficit. What part of “all in this together” does HSBC not get?
But if they wish to trust their future to the regulators in Hong Kong, supervised - however distantly - by the communist authorities in Beijing, then hell mend them ...

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