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"A foolish consistency is the hobgoblin of little minds"

Or so it might appear to the TUC.

Brendan Barber has discovered the following:

"Financial services have been the powerhouse of the British economy in recent years. But we can't afford to be complacent. The finance sector relies heavily on high-level skills and unless we can meet this demand we will lose our world-leader status".

Could these financial services skills possibly be pressed into service by the private equity sector? I think they probably could, and what does Brendan think of private equity?

He doesn't like it. And he made the following rather impertinent demands last year:

  • to tell us what they stand for and whether they accept any responsibilities to their workforce or the wider community
  • to open the industry to greater transparency and disclosure, particularly of the rewards paid to, and the tax paid by, top private equity executives
  • to establish whether private equity can establish long term sustainability and not just fuel a short term - high risk bubble waiting to burst.
I made hay with this at the time.



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