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The city is a source of highly paid jobs and significant tax revenue. The city of Westminster should care more about the city of London Photo: Rex Features

His failure to forward a white paper growth is disappointing, but not a setback fatal.Cela said, re-announcement of Chancellor Monday of so-called "patent box" tax break on intellectual property, that Alistair Darling revealed in pre-budget report a year ago, was lame, including the$ 500 million to ￡ even by GlaxoSmithKline.

Nevertheless, a root and branch review how different departments can be released in the private sector to generate growth in time for the March budget is an opportunity not to be missed.

But a necessity along the path of growth for the country is finally for the Government to abandon its opposition damaging and counterproductive more and more to the City of London.International financial services won't stop it, they just leave London for a variety of other sites, drainage of the country of his single greatest competitive advantage.

The city is a source of highly paid jobs and income tax importantes.La Westminster City should worry more about the city of London.The loss of only two companies to hedge funds, Brevan Howard and BlueCrest Switzerland is estimated to have Treasury 500 million pounds per year in revenues lost by rivals who have so far remained highlighted in London.

Support trade, export and recovery driven by investment by all means, but denigrating what economic basis, we left is folie.certainement within a period of 15 years that we do not want to turn round and see what were the 1 m jobs in financial services to, for example, 800 000 when it should have been m 2, taking into account the growth sector elsewhere.

Politicians are short term but United Kingdom remains a long-term project that requires decisions of 20-25 years to .rendre here today becomes less attractive.

Damian.Reece@Telegraph.co.UK

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