Goodbye the Golden Eggs of Banking?
Analysis6 Kesä 2011

Goodbye the Golden Eggs of Banking?

Time was when the City of London and the financial services industry generally were the apple of most politicians' eyes. The fabulous wealth they generated and taxes they paid seemed to set Britain on the road to lasting prosperity without having to worry about its manufacturing sector. With the crash, the political consensus has turned. Now, metal-bashing is back in favour and the bankers can do no right. The ritual call, heard at least once a generation, for Britain's economy to be more like Germany's is echoing across the land again.

But is making things rather than financial innovation really the way to make Britain's economy grow faster? When we have a competitive edge in banking and managing money, should we cast it aside? And why should Britain's economy be the same as that of other countries?

Janan Ganesh of the "Economist" asks if we should be turning our back on the goose that has laid our golden eggs for so many years. And, with no immediate signs that manufacturing is taking off on a bountiful new trajectory, considers if we should try to understand the City better and how it can assist Britain grow again.

Producer: Simon Coates.

Jaksot(389)

Has economic crisis put net-zero plans on the backburner?

Has economic crisis put net-zero plans on the backburner?

The UK has pledged to reach net-zero by 2050. But has a pandemic, the fallout from the war in Ukraine and now an economic crisis derailed our plans to decarbonise? Or have they provided an inflexion p...

13 Helmi 202328min

Blaenau Ffestiniog and the Foundational Economy

Blaenau Ffestiniog and the Foundational Economy

In the search for stability and growth, policy and debate often focuses on looking for multi-million pound inward investment, or industries with big ideas such as technology and manufacturing. But the...

6 Helmi 202328min

Can we ever really tackle rising public spending?

Can we ever really tackle rising public spending?

Last week, the government unveiled around £30bn worth of cuts to public services as it attempts to plug a fiscal hole. Governments have attempted to rein in spending in the past and struggled to do so...

21 Marras 202228min

Why do we assume women care?

Why do we assume women care?

In spite of progress on men's involvement in childcare the statistics show that women are still doing far more caring of young children. That is extended throughout life to the caring of ill and elder...

14 Marras 202228min

Economic Growth - can we ever have enough?

Economic Growth - can we ever have enough?

As the twin storms of economic turmoil and worsening climate change grip the UK and many other countries around the world, Analysis examines the future of economic growth. Does it offer a route out of...

7 Marras 202228min

Is 'Political Blackness' gone for good?

Is 'Political Blackness' gone for good?

Over the decades, a string of umbrella terms and acronyms have been used in the UK to describe people who aren’t white. “Politically Black”, Black, Asian, and Minority Ethnic (BAME), ethnic minorities...

31 Loka 202227min

Can Effective Altruism really change the world?

Can Effective Altruism really change the world?

If you want to do good in the world, should you be a doctor, or an aid worker? Or should you make a billion or two any way you can, and give it to good causes? Billionaire Sam Bankman-Fried argues thi...

24 Loka 202228min

How Xi Jinping did it

How Xi Jinping did it

Just over a decade ago, President Xi Jinping was a virtual unknown. Few would say that now. In ten years, he’s reworked the Chinese Communist party, the military and the government so that he’s firmly...

17 Loka 202229min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-ootsa-kuullut-tasta
rss-vaalirankkurit-podcast
tervo-halme
viisupodi
rss-podme-livebox
et-sa-noin-voi-sanoo-esittaa
rss-asiastudio
otetaan-yhdet
rikosmyytit
the-ulkopolitist
rss-girls-finish-f1rst
rss-raha-talous-ja-politiikka
radio-antro
rss-kaikki-uusiksi
linda-maria
rss-sinivalkoinen-islam