NYT – As the right-leaning British government prepares to impose some of the deepest spending cuts in a generation, it is doing so with the full-throated support of the London financial elite, Landon Thomas Jr. reports in The New York Times.
No surprise there. But the big question is whether the finance industry’s political donors, who have kicked in about £1 million, or $1.6 million, since the Conservative-Liberal Democrat alliance took office in May, will continue to do so if the new government does not come through with tax cuts and keeps the Labour-imposed regulatory shackles on.
