From the Port Phillip Insider (AUS) – From today’s Financial Times:
‘[British Chancellor of the Exchequer] Philip Hammond has pledged to maintain free movement for top bankers after Britain leaves the EU, as he attempts to reassure the City that the financial services industry will be protected during Brexit negotiations.’
Sure, I admit it. That is a tear you can see in the corner of my eye. I admit that I’ve just painted ‘hope’ on one cheek, and ‘freedom’ on the other.
Do you have a problem with that? This is the kind of freedom that Lech Walesa, Nelson Mandela, Dr Martin Luther King Jr and Mahatma Gandhi all fought for.
The right for free movement. The right for bankers to move without question from their Mayfair townhouse in London to their chalet in Switzerland, or apartment in Monaco.
What’s that, you say? Why should rich American, British, Japanese, French, and German bankers get preferential treatment? Why should they be rewarded, seeing as they were largely to blame for the 2008 financial meltdown?
I won’t even dignify that with a response. Except to say that, if you have a problem with bankers, the problem is with you — and that you’re very likely a racist.
Hats off to Mr Hammond. Bankers are people, too. They deserve to be treated with dignity and respect. The position of this newsletter is to wholeheartedly cheer the proposals enshrining the free movement of bankers anywhere within the EU.