Building up economic resilience and developing infrastructure in poverty-stricken countries is the only sustainable justification for expenditure on overseas aid. It is also key to stabilising the migration crisis, whose tensions continue to threaten political upheaval throughout Europe.
Historically there have tended to be two potential models for a successful financial centre. The first, an onshore version, is based around the notion of a hub city servicing a sizeable domestic market – think New York and the US market.
Labour’s mayoral candidate declared this week that the capital was changing for the worse. This was a surprisingly glum view from someone aspiring to represent a cosmopolitan city that is the beating heart of the global economy, bursting with creative energy and life in all its forms.