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Hedge Fund Managers Be Damned, London Mayor Takes Stand Against Helipads

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Just look at all of the helipads we've already got!

Many have warned that, should the U.K. elect to leave the European Union, London’s centuries-old status as a world financial center will be over. With a referendum on that question set for sometime before the end of 2017, and with opinion polls showing a rather uncomfortably narrow edge for the pro-E.U. side, one might think this was the single greatest issue facing the British capital. London Mayor Boris Johnson knows better. The real threats to London are helipads and catamarans, and he’s not afraid to make that perfectly clear to his would-be successors.

Mr Johnson told the Financial Times that London had a great future as a financial hub even if Britain left the EU and the city failed to invest in helipads, rebutting warnings of an exodus of bankers from the capital….

“They will say put more boats on the river — that’s a very popular one,” he told the FT at an event in Tower 42 in the City to raise money for his Mayor’s Fund to help disadvantaged children. “They have this idea the river is this magnificent unused aquatic motorway running through the city, that we should buy a fleet of catamarans. It’s absolute crap.

“You will waste millions. The river Thames is a strong brown god as TS Eliot noted, a vicious, tidal river. Land transport is far superior.” He added: “Businessmen, hedge fund people will always approach the mayor and say what the city needs most is more helipads. My strong advice is don’t listen. London doesn’t need new helipads.”

Ignore hedgies wanting helipads, Boris Johnson advises successor [FT]


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