It’s not just the bankers who will be hanged
Oh, Darling, what hast thou done? There are few more pertinent, or more damning, examples of what the government’s soak-the-rich policies could mean for the country than the news that JP Morgan is having second thoughts about developing a £1.5 billion European HQ in Canary Wharf. Of course, the bank may still go ahead with it. But just imagine if they don’t: the work lost for construction workers and a thousand other contractors; the tax revenues lost for the public finances. The damage won’t just – or even mostly – be to the financial sector. Thing is, I imagine that Number Ten will be fairly happy with the story. As