How the city can preach effectiveness?
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Vince Cable, the Secretary of the company, is leading a smaller than usual in Moscow four-day mission to speak in Russian on all things related to trade. ?Photo: ANDREW CROWLEY
This week to come, Vince Cable, the Secretary of the company, is leading a smaller than usual in Moscow four-day mission to speak in Russian on all things related to trade.
He will be accompanied by approximately 20 business leaders and various Trade & Investment firms more with hangars - UK on .Partie travel will focus on the holding of the annual meeting of the UK Russia intergovernmental Steering Committee, which is partly designed to facilitate trade. Companies with specializations in technology and energy efficiency will be among those who attend.
But I learned that the Muscovites are particularly interested to learn from those members of the delegation representing the city of London quite replicate the position as one of the major financial centres of the pre-eminent world capital.Chris Cummings, CEO of TheCityUK e_SEnD lobby group to lend named accused the Brits million working in financial services representative e_SEnD will be one of those attending and may be called upon to give its opinion.
Given the problems documented in the Russian economy in the last few years, it is certainly a reasonable step.
But, taking into account problems that banking of the United Kingdom is currently facing a number of fronts e_SEnD regulations, remuneration and the future of the banks themselves e_SEnD is not the visit may be a little premature? TheCityUK is unavoidable with more than 200 members and a complex of 40 members of its Council of surveillance.Une Council structure such structure seems a bit more at ease in a German landesbank a group lobbying overlap.
Although the Organization has a number of committees looking at how it could change the perception of the public on the industry, a national strategy chaired by Dame Clara Furse e_SEnD e_SEnD seems to have some answers.Yes, include tax - take the United Kingdom industry: 11pc total and the United Kingdom 15pc corporations tax income tax and, indeed, the fact that persons 1 m working in the industry, two-thirds are from Londres.Mais when asked how combating issues on premiums or responsible for the sector of the current economic slowdown, the TheCityUK is inconsistent arguments.
I'm all for cross-border information sharing, but would be much wiser for an organization such as the TheCityUK to practise what it preaches that she managed to get its own house in order, rather than before?
Enough Bashing.
On a related note, my story that George Osborne is concerned about the disappearance of certain to win more money from American and European bankers square mile might not come as a surprise more.
Although in public, the Chancellor has been vocal about the need for banks and bankers pay for past profligacy e_SEnD though as vocal as Cable e_SEnD private step, it is clear he worries grow too loin.Sans no doubt it is about time Osborne led front and completed "banker bashing" once and for all?
James.Quinn@Telegraph.co.UK
