The Labour government encouraged the hedge funds to come here to make London a global centre. Now they should take the bull by the horns and encourage them to leave.
Alistar Darling said at the confernece that we need to regulate the bonus culture 'a little bit, and tell the banks to be a little more responsible.' This is too little too late. These bonuses need 'a lot' of regulation. The government can't take a softly, softly approach this time. We need an iron fist to stop these practices.
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