This article was stimulated by an event we ran to discuss the finance and the UK economy. Here is a flavour:

“We all have a stake in the earnings of the City, to the extent that its high earners and institutions contribute substantial tax revenue: £29bn in 2017-18 is not to be sniffed at. But it would be useful to ask what other economic function our financial services industry actually performs. I was prompted to pursue this question after attending a discussion this week with a group of fund managers, city lawyers and private equity investors organised by the think tank Radix.”

Full article can be found here