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Guardian

Guardian

Labour’s economic challenge isn’t simple: it must curb City power and keep it on board

Guardian
Summary
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79% Informative

Business investment in the UK is the lowest in the G7 and has had for 24 of the past 30 years .

The government needs to invest and invest big to mend, grow and future-proof the economy.

But not so fast: it might be desirable for Britain to have shiny new hospitals and a modern power network.

Without curbs on finance, governments are severely constrained in what they are able to deliver.

The triumph of finance has not been good for democracy and the economy.

It shapes and dominates the economy and shapes the terms of the debate, writes Simon Tisdall .

Without the power of finance, politicians are less able to achieve their mandate, he says.