Boris Comes Out For the 1%

It’s almost as if Boris is running a leadership campaign. Last night he gave the Centre for Policy Studies Margaret Thatcher Lecture, standing up for the wealth-creators:

“I hope that this time the Gordon Gekkos of London are conspicuous not just for their greed – valid motivator though greed may be for economic progress – as for what they give and do for the rest of the population, many of whom have experienced real falls in their incomes over the last five years.”

The stats show he’s not wrong. Figures from Reed say the average salaries of directors and senior management in the financial sector are down £6,125 since 2012, traders’ salaries are down £10,893 and equity salaries down by £43,703. Finally a politician willing to stand up for the hard-pressed one percent…




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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