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Reference:
2011/0378
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Question by:
Len Duvall OBE
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Meeting date:
26 January 2011
On 5 January, you were quoted in an Evening Standard article entitled 'Scrap 50p tax, help the City, save 'banker tossers' Boris Johnson lets rip' as saying 'To the banker-bashers, I say: What's your ideal economic model?'. My ideal economic model is one in which one industry (despite only employing 9% of workers in London) cannot have a destabilising effect on the broader economy. My ideal economic model is and contributes so much in tax revenue (though, nowhere near what it ought to) to the Treasury that it can literally hold a government and, therefore, the people of a...