The Future of the City
Since the financial crisis of 2008 the City of London has been under intense government and press scrutiny. The Libor scandal has increased calls for greater regulation and even drastic reform. Meanwhile, Britain watches on as Europe seeks to restructure its banks. Financial services exports make up one fifth of all UK exports, and the industry represents 4% of Britain’s GDP. The City remains a key part of the UK economy, and will be central to the UK’s economic recovery. But what does the future hold for the City of London? Can it survive in its current form? Should retail and investment banking be separated? To discuss these questions, we will be joined by Anthony Hilton, one of Britain’s leading financial journalists and the Financial Editor of The Evening Standard.