The pressure on the City of London as a global centre of financial excellence is mounting – a disconnect between costs and fees, an irrelevant stock market, and a dysfunctional fixation on process and bureaucracy leaves the investment management industry struggling.

The Thames Water debacle is shaping up to be a critical “Judder” moment for the UK. Public utility privatisations decades ago have left a legacy of underinvestment and broken services. The bills will be enormous – and crippling - creating a potential investment crisis.

Around the globe, businesses are wondering about doing business in the UK – the headlines don’t support it. Uncertainty is contributing to domestic inflation, and the sense things need to change. It could even get worse ahead of a new government – which will still face crisis!