Acropolis Now

[Ironside]

lol, so it was nothing to do with our political masters keeping interest rates too low at the same time as encouraging 'social' lending to the un-creditworthy?

high value services means high value, not some pleb working in an O2 customer support call-centre. notably london is the place where 85% of Euros are traded, not to mention 95% of metals.

adapt or die.

You don't think this is related?... London didn't rapidly exand as a financial center because of it's known to be a decent tourist city.

Now there's also the question were the remaining 95% of London workforce is supposed to find these high value jobs.
As Rory cynically mentioned, you'll need as high employment as possible for the society and financial system to work well. For those high value jobs, there's a simple question. Are there enough of them? And no "the market will create more jobs", unless you wish to explain how the industry will produce more jobs by producing more and reducing the number of employed. It's an inadecute explaination and will fall horribly if it's market efficient to have a smaller workforce.

Sure I can agree with adapt or die, the question is if that adaptation is a dead end fairly soon.