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One of things I admire so much about Germany is its particular brand of pragmatic long-termism, which sets it apart from its Anglo-Saxon peers.

Some say it is his take on long-termism - a philosophy favoured by some very rich people which seeks to act in the interests of billions of people in the far future, rather than focusing on the immediate needs of the present.

Some analysts have suggested Mr Haldane's chances - who has been unusually outspoken in highlighting the negative economic impact of inequality, the dwindling power of unions and the need for more long-termism in businesses in recent years - would be higher under a future Labour administration.

“While we have decided to end our work together, IEX continues to support LTSE’s mission and focus on long-termism in the market,” spokesman Gerald Lam said.

The most common alternative to long-termism is to try to identify “mega-trends” and build a strategy around them.