Having experienced the 70s and, to my eternal shame, been a Thatcher-voter in the 80s, I’ve never been a trade unionist. I now, however, see the point. Granted, financial advisers could never be described as the downtrodden masses. However, there are around 28,000 of us working in 14,000 firms so it’s very easy for governments or regulators to divide and rule, as we’ve never had a united voice. We’re often, in the face of diversity, like Monty Python’s Judean People’s Front arguing with the People’s Front of Judea in ‘Life of Brian’ (kids etc.). Much easier for the banks, which are fewer and huger, to present a strong, united Banker’s Front. And so it goes on.
“Is the AI hype machine losing steam?”
Many of the reviving rises in stock markets, particular in the US in the last year or so have been driven by AI. Not those buy-and-sell computerised algorithms we’ve heard so much about for years now; but the share prices of the big tech companies ‘at the heart of the AI revolution’.
