What sets out Labour from the other parties now is that we embrace the opposite to a culture which is obsessed about shareholder dividend. Perhaps the word ‘predator’ is not quite hitting the right note with the City but it conveys the ‘quick buck’ culture which can go so badly wrong in investment of critical services such as care homes. I remember going to this meeting at the Institute of Education, at @thefabians’ new year annual conference 2011, with my friend @saminstroud;  in fact, @CriminologyUK has just reminded me about it just now, which is why I am posting this.

It is how I view the role of the City, as part of the society, not divorced from this; this shapes my views on corporate social responsibility, which are in full agreement with Prof Michael Porter’s seminal contribution ‘strategy and society‘ published at the beginning of this year also in the Harvard Business Review. The City in my view should learn from their mistakes in not including themselves in the rest of Society, which is why they have lost trust with many stakeholders. Bob Diamond opined on this in the seminal BBC Today lecture, and it’s what led me to spend two months spending hours travelling to the City from the Primrose Hill due to the blockage round St. Paul’s Cathedral.

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