George Osborne's bizarre economics

George Osborne was interviewed by ePolitix today. He said:

"Of course we want a very dynamic and successful City of London. But Britain cannot just be the City of London and then 50-odd million people living off the back of those who work in financial services."

This is a strange view of the economy. Perhaps the traditional distrust of the City of London as the candyfloss economy was always misplaced. But to see the rest of us as parasites on the financial sector is bizarre indeed.

As we seem to be learning at the moment, there is more to the economy than moving money around.