The chief executive of a Canary Wharf bank has laid the blame for Brexit on poor education – and compared Tower Hamlets to a Third World country.
Credit Suisse chief executive Tidjane Thiam said the UK was seeing the results of inequality and poor investment in education. A disillusioned country with nothing to lose and not much to gain had responded by leaving kicking the political establishment through the ballot box.
Thiam said he had been shocked to be told on a visit to a school in Tower Hamlets that about half of children there only ate once a day.
“That’s something I had seen in Ivory Coast,” Thiam told a business conference in France, as reported by Reuters .
He said it was vital that a more redistributive tax system would ensure the disenfranchised shared the benefits of globalisation.
From the archive Another round of job cuts at Credit Suisse in Canary Wharf
“I was watching the [pro-Eu] 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?’” he said.
“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.
“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.