With the announcement of massive cuts in government spending the UK has launched a remarkable policy experiment. The contrast with the US – which has announced none – should at least be instructive, says Martin Wolf.
In this week’s podcast: We talk about the proposed break-up of the Financial Services Authority with the consultation process drawing to a close today. We ask whether the issues of who is to be responsible for what will be cleared up. Then we look at the Financial Reporting Council’s Stewardship Code – designed to ramp up investors’ engagement with companies in the aftermath of the crisis. We end the show on the supposed exodus of bankers from London. We ask whether people are really heading for the doors.
Stateside this week is by Justin Baer
Presented by Megan Murphy with Brooke Masters and Miles Johnson
Angela Merkel, Germany’s chancellor, said at the weekend that the country’s attempts to form a multicultural society had failed and that both Muslim immigrants and indigenous Germans had to make greater efforts towards integration. Fiona Symon speaks to Quentin Peel, the FT’s Berlin correspondent, about Merkel’s remarks.
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