Jim O’Neill, the former UK Conservative minister and Goldman Sachs chief economist, says he doesn’t miss being in banking. And no, he wouldn’t accept an offer like we saw with Sergio Ermotti returning as chief executive at UBS. But when asked on this week’s episode of In the City whether he can explain what’s happening in the industry right now, he’s got some ideas. He also weighs in on the race to buy Manchester United, questioning whether the football club is worth its more than £4 billion price tag.