Saturday 10 December 2016

Analysis: The great Catch 22 on the migration of bank jobs

Published 23/11/2016 | 02:30

Central Bank Governor Philip Lane. Photo: Aidan Crawley/Bloomberg
Central Bank Governor Philip Lane. Photo: Aidan Crawley/Bloomberg

The comparison with turning down up to €20bn in back taxes from Apple comes to mind. In August, the Government had to face accusations of actually spending hefty sums on EU lawyers to effectively turn down a large windfall in back corporate taxes.

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At the time, they got much of the immediate handling of the issue wrong.

But they did successfully manage to sell the "long game" argument of standing by a system which had delivered jobs in times of serious scarcity.

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