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Polarisation report authors quit London Economics

The authors of the controversial London Economics report on polarisation have deserted the consultancy because they were not happy with the direction it was taking.

The entire financial services division of 10 employees quit London Economics in August to form a London office of US-owned consultancy Charles River Associates. Former London Economics director Robert Laslett, who was responsible for the polarisation report, has become vice-president and head of the new Charles River Associates office.

London Economics published the report on the future of polarisation after being commissioned by the FSA. The full implications of the report have yet to be seen as the industry is waiting for the FSA&#39s recommendation to the Treasury.

Industry sources claim London Economics is experiencing difficulties. It has moved from its Central London offices to an address in North London.

London Economics would not comment on its situation.

Laslett says: “I did not like the way London Economics was being taken by its French majority shareholders. They did not have any interest in financial services so we decided to move on.

“I would say the firm seems to be in trouble although I no longer have an inside track there.”

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