The government’s decision to pull its financial services bill is revealing about who calls the shots in parliament. In a word: the City. Rather than accept a small step forward for tax fairness, a move backed by a cross-party coalition, ministers dropped one of six key pieces of legislation required to pass by the end of March as part of a no-deal Brexit safety net.
The Guardian view on Britain’s finance curse: we must break it | Editorial
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Editorial: The government’s actions reveal a weakened Tory party more than ever in hock to a powerful City disconnected from the people it ought to serve