commonwealth

huh? i'm just stating facts. and i prefer wall street over canary wharf

IvanM

They are being squeezed by rent. Australia has some of the most expensive retail rents in the world. Westiefields could only get away with it for so long.

the troubadour

Didn't realise you were an anarchist ......Really Canary Wharf is an example of what is wrong in today......The Financial Sector took the country to the brink putting it in simplistic terms....and the cost will be felt for a long time...being paid for by folk with proper jobs but far less means.

Something Socialism never managed.......And nothing wrong with attempting at greater wealth distrubution while I'm at it. No reason on earth why such a small percentage should have close to the lot.

Worked in Canary Wharf in the early days. What a stirile area populated by numerous to.s pots.....London paid a grave price putting too many eggs in the financial services basket.....

commonwealth

i apologise for my stupid comment. i agree with the comment it's the vampire that sucked the blood of the british economy.

isgraham

Canary Wharf is still a dreadful sterile area. I can't wait to get back to the City it's far more fun working there.

London doesn't seem to be paying any price at all for the failings of the financial sector it all feels vibrant and there are plenty of jobs in my line of work. The rest of the UK however is not having such a fun time.

Budawang

Wrong. The massive run up in private debt followed by private sector delevearaging is squeezing the life out of the UK economy. This is what is causing the public deficits.

The_Pom_From_Aus

The best thing you can do is Piss of right now back to the UK if you think your going to be better of then your very narrow minded, remember the grass is not always greener on the other side.

Grayling

What has it got to do with you?

You sound very angry for someone living in such an economic powerhouse

papilon

People seem to like to knock the City/Canary Wharf but for all that has happened it is still one of the the major driving forces of the economy, half of all jobs created in London in the last year are connected to the financial sector and London is still the envy of the financial world along with Wall Street. In the coming years London will have to fight hard to retain it's place, strong competition from Asian centres and the growing bitterness of France/Germany.
People wishing for the end of the City should be careful what they wish for.

bingobob777

yeh, but all those jobs rely on fees, charges etc that they take out of other peoples pockets.

The City can't create money out of nothing, for every winner there's a loser. So they all get paid fortunes to shuffle other peoples money around.

yeh we'd be devastated without them

bingobob777

I'm pretty sure the grass IS greener in the Uk than here, not surprising with all the ******* rain

GarryP

Actually they can create 'money' out of nothing - that's part of the problem.

Real money however, nope. And when reality comes calling, that's when it goes bad, fast.

papilon

YAWN

Bermudashorts

That is how all businesses work.

papilon

Exactly, and a very substantial amount of those fees are derived from overseas.
The City controls 40% of all trades on the Euro, not bad for a country that is outside the eurozone and much to the dismay of the French.

As for the poster who claimed they all get paid fortunes you are so very wrong. Most are just normal hard working people doing there best to provide for themselves and there family. If one day they end up making good coin then bloody good luck to them.