• Home
  • Contact Us!
  • Privacy Policy

Radio Metta

  • Home
  • Business
  • Education
  • Health
  • Home Deco
  • News
  • Real Estate
  • Technology
  • Contact Us!
  • Privacy Policy
Home» Education»Credit Suisse CEO blames Brexit on low UK education spending

Credit Suisse CEO blames Brexit on low UK education spending

Saheli 09 Jul 2016 Education Comments Off on Credit Suisse CEO blames Brexit on low UK education spending 421 Views

Britain is paying the price for a high level of inequality and a chronic lack of investment in education which have prompted a disillusioned population to vote to leave the European Union, Credit Suisse Chief Executive Tidjane Thiam said on Sunday.

Britain voted in a referendum on June 23 to quit the EU, a decision that has roiled financial markets and rattled businesses. Thiam, the former head of British insurer Prudential, said he had lived almost 15 years in Britain and had been shocked to be told on a visit to a school in Tower Hamlets, a London borough near the city’s financial district, that about half of children there only ate once a day.

“That’s something I had seen in Ivory Coast,” Thiam, a former government minister in the West African country, told a business conference in the south of France. Unexpectedly for a banker, he said Britain should adopt a more redistributive tax system even if that meant raising taxes, to make sure the losers of globalisation were not left feeling disenfranchised.

“I was watching the march in London on Saturday, which I welcome. But I would have liked to say to them: ‘how many of you would accept to pay more taxes?” he said. “It’s all well and good to have big signs and protest against the ‘Leave’ vote. But it would be another story if you started having a discussion about creating more solidarity.”

Thiam said those with the lowest educational attainment were more likely to back Brexit. “That’s the price paid for a chronic lack of investment in education,” Thiam said. “Something must be done at the national level so there aren’t so many people left behind that the result of a national, democratic vote gives a result which is bad for the country in the medium term,” he said. Thiam took up his new post as the head of Switzerland’s second-biggest bank on July 1 last year.

[Source:- DNA]

blames Brexit CEO CREDIT Education low on spending Suisse UK 2016-07-09
Tags blames Brexit CEO CREDIT Education low on spending Suisse UK
Facebook Twitter Stumble linkedin Pinterest More

Authors

Posted by : Saheli
Previous Article :

How do I declutter my home?

Next Article :

Best Home Decor

Related Articles

Michael Kremer on the Andhra Pradesh PAL Study’s evidence of personalized adaptive learning in India

admin 22 Sep 2025
Small, Rural Central California High School Continues To Defy Standardized Education

Small, Rural Central California High School Continues To Defy Standardized Education

admin 12 Sep 2025
Speeches delivered by CEO Sundar Pichai at the White House AI Education Taskforce

Speeches delivered by CEO Sundar Pichai at the White House AI Education Taskforce

admin 08 Sep 2025

Latest Post

Clinical Trial Considerations for Infectious Disease Rapid Diagnostics: From Sample to Result in Record Time
Health

Clinical Trial Considerations for Infectious Disease Rapid Diagnostics: From Sample to Result in Record Time

admin 04 Oct 2025

Michael Kremer on the Andhra Pradesh PAL Study’s evidence of personalized adaptive learning in India

admin 22 Sep 2025
Digital Dermatology with Freedom 360: Skin Cancer Checks and Expert Care for Members
Health

Digital Dermatology with Freedom 360: Skin Cancer Checks and Expert Care for Members

admin 15 Sep 2025
Small, Rural Central California High School Continues To Defy Standardized Education
Education

Small, Rural Central California High School Continues To Defy Standardized Education

admin 12 Sep 2025
Speeches delivered by CEO Sundar Pichai at the White House AI Education Taskforce
Education

Speeches delivered by CEO Sundar Pichai at the White House AI Education Taskforce

admin 08 Sep 2025
How is PSA used to monitor prostate cancer?
Health

How is PSA used to monitor prostate cancer?

admin 01 Sep 2025
The Future of High Performance Networking: Ultra Ethernet Explained
Technology

The Future of High Performance Networking: Ultra Ethernet Explained

admin 28 Aug 2025
October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
  • Home
  • Contact Us!
  • Privacy Policy
Copyright 2016, All Rights Reserved
Magazine Blog News WordPress Theme