Yep, that’ll really make banks and traders want to stay here, won’t it.
They’ll queue up to open bigger offices, and employ more people, so “Lord” “Turner” can define how “socially useful” they are, and administer suitably-popular public spankings.
If “The City has grown beyond a reasonable size”, then that makes Lord Turner a “PLANNER”.
Ahhhhhhhhh……………Gosplan! Bisto! Stalinism!
And I don’t know whether Samizdata got to it before I did, but you can read Jonathan’s excellently detailed analysis here.