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The Guardian - UK
The Guardian - UK
Business
Richard Partington

Time over for banker remorse? Labour must beware relying on the City for economic growth

Rachel Reeves
Rachel Reeves is right that a strong economy needs financing. Photograph: Ben Whitley/PA

“There was a period of remorse and apology for banks and I think that period needs to be over.” So said Bob Diamond, the eight-figure-earning Barclays chief executive more than a decade ago.

“We need our banks willing to take risks, to be confident and to work with the private sector in the UK to create jobs and improve economic growth.”

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