361–364 of 364 posts
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FAANG in London are competing with finance, and there are plenty of non-American firms in finance paying high salaries.
Sure, I was thinking about software engineer salaries, but finance definitely has positions that pay FAANG wages. Those companies aren't really competing with FAANG though since they're looking for different people.
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> citation please? London Loses Crown of Biggest European Stock Market to Paris - 14 November 2022 https://www.bloomberg.com/news/articles/2022-11-14/london-lo...
London has never really been an equities place to my knowledge. Ever noticed that the L in LIBOR stands for London? Interest rates and money (FX) (money can also refer to short term rates but KISS) is very much still London's thing especially relative to other European cities. Aside: French engineering talent is massively underappreciated.
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Can you support the argument that China somehow deindustrialized the UK, starting in the 2000s? The story of the UK's deindustrialization was discussed well before that, wasn't it? The working class in the UK probably doesn't much care where their jobs are offshored to.
For the decline of industry under Labour, see graphs here: https://fullfact.org/economy/did-labour-decimate-manufacturi... Manufacturing was 18% of UK output at the start of Blair's term in office, and 10% when he left in 2010. You can also search for story after story about factory closures following the 1998 Asian financial crisis, which decimated the north of England. When evaluating Blair's impact it's also impor…
The UK is declining, and people are starting to notice it. People are blaming the government, and clamouring for more support and money, but unfortunately I suspect it’s not that simple. The elephant in the room, in my opinion, is that we simply don’t have the money to maintain the standard of living we once enjoyed. Almost all political conversations here are contingent on this fact, but this underlying problem is r…
You need to earn £45k a year in order to pay in more Income Tax than you take out. You need a household income of £60k a year to make a net contribution in VAT. Only around 20% of people in Britain earn these amounts, which means 80% of people are taking out more than they contribute. I don't know how this compares to other countries but it is clearly unsustainable and I think that now the era of generous Government…