The ‘City of London’ is short-hand for financial wizardry and is, allegedly, the ‘powerhouse’ of Britain. What the ‘City’ wants the ‘City’ gets in terms of legislation and government assistance. They are free-market warriors until things go sour. Once the gravy train derails they become Socialists. During the Banking Crisis, 2008, banks were deemed, ‘Too big to fail’ and so the Labour Party bailed them out. At a cost of £137 billion.¹

If you find this repugnant then the idea the ‘City’ is, in many ways, a criminal organization will nauseate. It comprising financiers, accountants, lawyers, estate agents and various hangers on all of whom are incredibly wealthy. The sums of money are astounding. The corruption of the Conservative Party by Russian oligarch financiers is well documented with a future Chancellor of Exchequer, George Osborne attending a party of a Russian oligarch.² The Conservatives subsequently made the son of a Russian oligarch a member of the House of Lords.³ The ‘City’ is used as short-hand for every financial organisation in Britain. They share common values.

Try this

“Somehow, a group of criminals stole a billion dollars from banks in Moldova, vanishing with their loot without leaving a trace to show where the money had gone⁴…. [but] The final owner of the billion dollars from Moldova turned out to be based in an ordinary residential house in Pilton, a gritty Edinburgh suburb …”⁵

Note

1 2008 United Kingdom bank rescue package – Wikipedia

2 Russian billionaire yacht affair shakes UK politics | Reuters

3 lebedev house of lords – Search (bing.com)

4 p126 Bullough

5 p128 Bullough