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Will the city choose to spend less or soak business?
Catch up on global daily news
Compelling long reads
Future-gazing analysis, predictions and speculation
Tune into captivating conversations
Watch engaging short films

The consequences will be profound, argues Henry Curr

And the government has given up on prosecuting corruption

It will not work, and is wrong in principle

If voters dislike big numbers, there is a purely nominal fix

Particularly by the state

Co-operation on the financial system will be the casualty