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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