Credit Suisse boss Tidjane Thiam blames Brexit vote on poor British education and calls for higher taxes to fund UK schools

Oliver Gill
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Thiam took over at Credit Suisse last June (Source: Getty)
redit Suisse boss Tidjane Thiam has blamed the UK's decision to leave the EU on a lack of investment in British education.

Speaking at a business conference in southern France on Sunday, Thiam recalled a visit to a school in Tower Hamlets where he found out that around half of the children only ate once a day. "That's something I had seen in Ivory Coast," he said.

Thiam added that a more redistributive tax structure could improve education for those at the lowest end of the economic spectrum.

"Something must be done at the national level so there aren't so many people left behind that the result of a national, democratic vote gives a result which is bad for the country in the medium term," he said.

But the former head of insurance giant Prudential questioned whether Remain campaigners would be prepared to pay more tax.

"I was watching the march in London on Saturday, which I welcome. But I would have liked to say to them: 'how many of you would accept to pay more taxes?'

"It's all well and good to have big signs and protest against the 'Leave' vote. But it would be another story if you started having a discussion about creating more solidarity," he said.

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