“Black cab drivers to revel in victory over Uber for centuries to come”
- Headline from The Daily Mash.
Baroness Ros Altmann could fairly be described as a City insider. The UK Minister of State for Pensions between 2015 and 2016, she has worked at investment institutions including Chase Manhattan, Rothschild and NatWest, and is now an independent consultant. Last week she wrote a letter to the Financial Times which, somewhat remarkably, it elected to publish. Responding to an earlier piece by FT columnist Martin Wolf on the apparent conflicts between capitalism and democracy, she wrote: