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Intelligence Squared

London Should Love Its Bankers

Intelligence Squared

Intelligence Squared

News, Society & Culture, Arts, News Commentary

4.21.2K Ratings

🗓️ 4 September 2014

⏱️ 96 minutes

🧾️ Download transcript

Summary

Do the British have a death wish? You’d be forgiven for thinking so the way so many of them seem to want to cripple the most dynamic part of their own economy. What is the world’s largest market for dollars? London. Where does the Chinese State Administration of Foreign Exchange go when it wants to buy or sell billions of US Treasury bonds? London. Which sector of the economy delivers £12 out of every £100 in tax to the Chancellor of the Exchequer? London’s financial centre. Its accumulated skills, its light touch regulation, its openness to competition – these have made London the envy of the world, the magnet for all the smartest financiers: they have turned London into the most exciting city to live in on the planet. Of course there have been scandals – what do you expect in the world’s most competitive market place? Yet instead of lauding London’s banks for their achievement in outclassing all their rivals, we seem interested only in penalising them and letting New York or Frankfurt steal the show.... Support this show http://supporter.acast.com/intelligencesquared.  See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Sure, this is Peloton. This is a 15 minute low impact ride.

0:05.6

But so is this.

0:07.2

We're here together for a 10 minute empathy meditation.

0:10.5

And even this.

0:11.9

We get here in with a 20 minute hip-hop shadow boxes session.

0:16.7

Ah!

0:17.7

What more could you ask for?

0:18.7

Well, with thousands of classes on our bike treading app, there's more to Peloton that you might have thought.

0:23.9

This is Peloton. Internet Connection and Peloton all acts as membership required.

0:28.6

C1 Peloton. UK.

0:30.7

This episode is brought to you by Krakhan.

0:33.0

Krypto is like finance, but different.

0:36.0

It doesn't care when you invest, trade or save, do it on weekends,

0:41.0

or at 5 a.m.

0:42.0

Or on Christmas Day, at 5 a.m. or on Christmas day at 5 a.m.

0:45.2

crypto is finance for everyone everywhere all the time.

0:49.4

Visit crackin.com slash see what crypto can be to learn more

0:52.8

don't invest unless you're prepared to lose all the money you invest this is a high-risk

0:56.3

investment and you should not expect to be protected if something goes wrong

0:59.4

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1:10.0

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Intelligence at the checkout. A better web starts with your website. Thank you for

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