Alex Massie Alex Massie

A choice for Tories: Goldman Sachs or UKIP?

Hats-off to James Kirkup for noticing that Goldman Sachs have suggested they would “drastically” cut their UK workforce (and operations) should Britain decide to leave the European Union. That is the view of Michael Sherwood, the fellow responsible for running Goldman’s european operations.

I am sure eurosceptics will dismiss this as the usual scaremongering just as Scottish nationalists dismiss warnings that some businesses (RBS?) might shift their operations south in the event Scotland votes for independence next year. This is but one of the many ways in which the european and Scottish questions overlap or dovetail with one another.

Perhaps it is only scaremongering! But what if it isn’t? In any case, the Tory High Command can be forgiven for considering this a distinctly unhelpful intervention in the european debate.

It is true, as James observes, that investment banking houses are few people’s idea of popular heroes of capitalism.

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