We look at the high price we’re paying for our finance sectors – we look at staggering statistics showing how the US finance sector is a net drag on their economy. Also, as the British government initiates Brexit divorce negotiations to leave the EU, we discuss something they ought to know, but obviously don’t – they’re actually in a very weak position. Could it mean the beginning of the end of the finance curse gripping the UK economy?
Read: The High Cost of High Finance here https://rooseveltinstitute.org/publications/overcharged-the-high-cost-of-high-finance/
City of London costs UK £4.5tn in lost economic growth https://www.taxjustice.net/press/press-release-city-of-london-costs-uk-4-5tn-in-lost-economic-growth/
Featuring: John Christensen and Alex Cobham of the Tax Justice Network, and Professor of Economics Gerald Epstein of the University of Masachusetts Amhurst. Produced and presented by Naomi Fowler for the Tax Justice Network.