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Barclay’s Chairman: Open the borders and cut taxes to stop the collapse of the City of London
Wednesday, November 11, 2015 8:54
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Britain could lose its position as the world’s leading financial services centre if the government keeps weighing it down with extra taxes and excessive regulation, according to City leader John McFarlane.
Tough immigration rules are also stopping banks and other finance firms from hiring the global talent they need, which threatens to choke off growth in the industry, the chairman of Barclays and of campaign group TheCityUK will say in a speech at Mansion House tonight.
Mr McFarlane argues that if the UK wants to keep its dominant position in finance as the global economy changes, then Britain needs to be flexible and not bogged down in red tape …. http://www.telegraph.co.uk
Source: http://luismmx.blogspot.com/2015/11/barclays-chairman-open-borders-and-cut.html
