Tags for Forum Posts: education_cuts, hornsey_school_for_girls, public spending cuts
If there is one route to social mobility it is the mostly impartial employment policies of London's trading banks. It is far easier for a smart young person from a working class background to become a millionaire (and pay their taxes!) working as a trader in an investment bank than having to become the next Alan Sugar.
PS All your flash young German bankers are working in London.
PS All your flash young German bankers are working in London.
so what?
Presumably, they prefer being amongst their own..
I assume you're being satirical - the consensus seems to be that the banks operate as casinos and trading does us all lasting damage - particularly in investment banks.
Unwise therefore, to promote these boiler rooms and not a career I'd wish on any honourable young person.
We're on such different planets that I doubt there's any point in this, but I hope there is...
How many 'young people from poor families who are good at maths' 'earn a million pounds a year' in the city as investment bank traders at present do you think John?
"it's a lot bloody better than a coal mine."
Is there any left? that cow closed them down twenty six years ago and since been replaced with call centres.
Commodities trading in London impacts miles away an African farmer who can't sell their commodity at a profit because of trades flipping through financial centre computers within seconds don't reflect the real world of supply & demand. They only run on a desire for instant profit.
Of course the African farmer is also negatively affected by US & European agricultural support subsidies.
The City is obviously important but only as long as it is doing something useful. Right now many small businesses can't get loans and once again first time house buyers are left out in the cold. Trade deficits are huge and banks still have massive debts on their books.
Pushing soft loans over the last decade got us in this mess. City boys chasing huge bonuses got us in this mess. Trouble is the pendulum always swings too wildly.
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