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

No prizes for guessing who Andrea Leadsom is talking about:

“As you said last week, Mr Speaker, we have a responsibility to safeguard the rights of this House and as Leader of the House I seek to do exactly that, treating all members of parliament with courtesy and respect. I hope and expect all Honourable and Right Honourable members to do likewise.”

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