Jim O’Neill: U.K. Recovery Reasonably Predictable

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March 12 (Bloomberg) -- In "This Matters Now,” Jim O'Neill, Bloomberg View Columnist, discusses his views on the U.K. recovery, Scotland independence, and football. He speaks on Bloomberg Television's “Bloomberg Surveillance.” (Source: Bloomberg)

Good morning, everyone.

"bloomberg surveillance." i'm tom keene.

Jim o'neill support manchester united football.


o'neil would also like to support manchester and the other cities of the united kingdom.

He wants them in first-place with trade but he wants london to not write the check for the economic development.

It is a key issue in his united kingdom.

London doesn't want to write the check to save liverpool, tod -- do they?

I don't know why they should.

To push a little bit on the introduction, you are referring to my role as citigroup commissioner, a very exciting part.

We are trying to go with ideas that promote more shared growth, not london's expense or damage of london.

The u.k. is not unique but quite rare of relatively large countries in that london dominates the overall economic scene.

It is not the case at all in the states, in china, not the case in germany.

We are trying to come up with initiatives that lets supply-siders think about how things like manchester could work better.

The free trade zone?

It is the idea that people in the u.k. don't have enough debate about.

You look at one of germany's successes and i see it when i travel to china -- so many cities have counterpoints with china through airports.

Manchester does not have its own one.

Everything is through london.

This crazy debate about he further goes on forever and ever.

Why not -- this crazy debate over heathrow goes on forever and ever.

Why not?

Is it a distraction?

Actually, it is in some ways quite convenient.

I don't know whether it is just a fluke, but we were only existing the year as this commission and it seems to have caught the mood of the moment.

There's a lot of focus on what we're doing and i suspect that at the margin, the debate about scottish independence has helped the focus on the issues we are talking about.

In the past 12 months, the excitement of the united kingdom simply doing better -- i will call it the surprise of 2013. with your work at goldman sachs, can jim o'neill say that austerity in the united kingdom was successful in the united states: from that?

-- the united states can learn from that?

I don't think it is that straightforward.

Some of the growth came around because of her remarkable easing in financial conditions.

I think it was reasonably predictable respond those kinds of things.

Jim o'neill with us as we

This text has been automatically generated. It may not be 100% accurate.


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