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What is a banker worth?

By Tom Chatfield  

Been living in a banker's paradise?

So long as the good times rolled, argues Michael Prest in an essay for our latest edition, most people didn’t complain that a banker got paid 100 times more than a nurse. At least, there was a grudging consensus that this set-up “worked,” in that bankers were out there creating credit and driving the economy onwards and upwards—and were paying a hefty amount of tax into the national purse in the process. Hindsight now suggests something rather…

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