Having experienced the 70s and, to my eternal shame, been a Thatcher-voter in the 80s, I’ve never been a trade unionist. I now, however, see the point. Granted, financial advisers could never be described as the downtrodden masses. However, there are around 28,000 of us working in 14,000 firms so it’s very easy for governments or regulators to divide and rule, as we’ve never had a united voice. We’re often, in the face of diversity, like Monty Python’s Judean People’s Front arguing with the People’s Front of Judea in ‘Life of Brian’ (kids etc.). Much easier for the banks, which are fewer and huger, to present a strong, united Banker’s Front. And so it goes on.
“Trade war: Stock markets rally as Trump rows back on Fed and China threats”
Yet another reminder, should one be needed, of how quickly things can and will change. A nod and a wink in the right direction from himself and/ or an underling can provide the solace the money men crave and turn a plummet into, if not a soar at this stage, then certainly a bounce.
