Exodus of talent?

“The PRs who are paid lavishly to shamelessly defend our dreadful banks were at it again this week. After emasculating British industry and destroying our pensions while amassing vast personal pay packets and bonuses, we’re now supposed to believe that it’s City bankers who are the victims.

After the chancellor unveiled a supertax on bonuses, British Bankers’ Association boss Angela Knight talked of the “hardest hit”. The CBI warned of an “exodus of talent”. The hardest hit, Ms Knight, are the millions thrown on the scrapheap, in the UK and elsewhere by the City’s appalling greed and short-termism. And to use the word “talent” to describe Britain’s bankers over the last decade is yet more evidence of the delusional world they live in.”

From Patrick Collinson’s excellent article in today’s Guardian.