TO Mansion House last night, the palatial pad of the Lord Mayor of the City of London, where the crème de la crème of Britain’s financial services sector raised a glass in toast to the industry.
This year was the fourth and final time Lord Turner, chairman of the Financial Services Authority, addressed fellow diners. But it was the first to double up as a manifesto launch for Turner’s ambitions, a point that caused much mirth from all the guests that confided in The Capitalist. He is desperately keen to take over from Sir Mervyn King, of course, and was keen to please the government, as his speech made abundantly clear. Whether it will prove to have been enough remains to be seen.