There are no UK investment banks anymore, merchant banks. They are all gone, they disappeared, great names once upon a time, but they all disapeared. They are either home by the Germans or by the Americans or somebody else. The city of London has already lost. The city of London is not British anymore, there are plenty of Brits down there.
The UK is a huge debtor nation now. The debt is getting worse and worse, the North Sea oil is drying up. The UK is finished. I don't particularly like saying it because I've had a lot of great successes there but unfortunately its finished.
VIA Follow the Money