London Must Be Defended From Wall Street

Nicolas Sarkozy always hated the City of London. He despised the way that the most gifted traders in Paris would climb aboard the Eurostar on a Monday morning to make their money (and pay taxes) in Britain. To Wall Street chiefs, the success of Britain’s financial centre was just as galling. America is supposed to be the leader of the free world, and yet somehow it was London that emerged as the true global capital, a magnet for the smartest financiers on the planet.