Listening to Ken Livingstone on the news this morning talking about the long-delayed agreement to build the £16 billion (US$31 billion) CrossRail project, he was talking about how it was esential to keep London as a major financial center in the face of growing competition from emerging markets.

The then named three of them: Shanghai; Mumbai and Dubai.

Made me wonder if it wouldn’t be better to rename the City as Lonbai to ensure we keep up?

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