PoliticsHome/CityAM Voice of the City poll: 6-8 April 2011 |

Monday 11th April 2011 | 08:00

PoliticsHome/CityAM Voice of the City poll: 6-8 April 2011

PoliticsHome/CityAM today have released their 'Voice of the City' poll, conducted by email among 513 specially recruited city workers, 6 to 8 April.

The findings show the City views taxation, regulation and inflation as the primary threats to the UK economic recovery, while banking reform is seen as a major threat by more than 1 in 3.

The main proposal of the interim Vickers report, the ring-fencing of critical retail operations, is approved of by the majority.

Chancellor George Osborne is seen as doing a good job by two thirds of respondents.

Threats to the UK Economy in 2011
Which of the following do you see as the most serious threats to the UK economy in 2011? (choose up to 3)	All City (n=513)
Excessive taxation and regulation	51%
Rising inflation	45%
Banking reform harming the competitiveness of the City	36%
Rising oil prices due to instability in the Arab world	35%
Eurozone debt crisis	31%
Insufficient cuts in public spending	24%
Trade Union action	23%
Excessive cuts in public spending	15%
Other	11%

Vickers Poll 2 Data

Banking Reform
The Independent Commission on Banking, chaired by Sir John Vickers, releases its interim report on Monday. Which of the following reforms do you see as, generally speaking, good or bad ideas?

	All City (n=513)			Banking Sector (n=106)
	Good idea	Bad idea	Don't know	Good idea	Bad idea	Don't know
Requiring banks to draw up plans for an orderly bankruptcy known as "living wills"	83%	6%	11%	84%	7%	8%
Requiring banks to ring-fence critical operations like retail deposits and payments processing but leaving them within one company	68%	17%	15%	64%	18%	18%
Increasing competition by forcing merged banks with very high market share to demerge	34%	51%	15%	28%	57%	15%
Requiring banks to separate their retail and investment operations entirely	31%	59%	10%	26%	69%	5%
Taking no government action to reform the banking sector and leaving changes to the banks themselves	21%	71%	8%	25%	64%	10%

Vickers Report Poll 2

George Osborne job approval
How good a job do you feel George Osborne is doing as Chancellor?	All City (n=513)
Very good job	16%
Somewhat good job	50%
Neither good nor bad job	20%
Somewhat bad job	10%
Very bad job	4%

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PoliticsHome/CityAM Voice of the City poll: 6-8 April 2011

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