The City seeks winners. It likes to get in early, ahead of everyone else, and reap the extra reward.
That’s what is occurring with the growing love-in between the Square Mile and Labour. The polls suggest Sir Keir Starmer is going to sweep to election victory. So, the banks, law firms, accountants, insurers want to cosy up, to ensure their concerns over policy and regulation are heard. Of course this is not going to lead to a love marriage, but it could herald a relationship in which, for a period at least, they maintain a healthy respect for each other. Ideologically, they are poles apart, always will be, no matter how much Starmer and Rachel Reeves go out of their way to stress they’re sensible, okay people really.
