Making London a truly global financial centre again, with all that would imply for Britain’s place in the world, could quickly become more attractive than the apathy of decline, however proudly sovereign.
“We need to do something you might not expect me to say. We need to give Boris Johnson more power.”
As Conservatives, we have a duty to protect and defend people who have historically been left without access to legal credit.
The Government should back the fastest growing sector of the economy, demand transparency and send clear policy signals.
The evidence points to a thriving City, and so I will continue to talk up our financial sector as the best game in town.
“If we were to accept passporting, we’d just be a rule-taker. We’d have to abide by rules that were set elsewhere.”
If we do, we could reverse at least some of the six per cent hit to GDP it has caused so far. If we don’t, we could continue to lose productivity growth of 0.2 per cent a year.
Ministers need get a grip by acting collectively to agree a Brexit end-state based in reality and on what Parliament will approve eventually – and then stick to it.
Even Whitehall’s fiercest advocates of the need to stay as close as possible to the EU recognise that there are risks in being a rule-taker not a rule-maker.
This government has identified problems and is working on the solutions that will make a real difference to everyone saving for their retirement.
The alarmism of Osborne and others has proved to be baseless – instead, our existing strengths in financial services position us to grow even stronger.
Either a new dispute resolution mechanism will be required, or the UK could dock into part of the EFTA court to resolve disputes over goods.