UK finance Industry deregulation is dangerous.
Post-2008 crash reforms reversed.
Consumer protection weakened, reckless speculation inevitable, asset prices will inflate, bubble will burst.
City shuns long-term investment, won't fuel economic growth.
https://www.theguardian.com/commentisfree/2024/dec/30/the-guardian-view-on-city-deregulation-it-would-be-a-dangerous-step-backward
Post-2008 crash reforms reversed.
Consumer protection weakened, reckless speculation inevitable, asset prices will inflate, bubble will burst.
City shuns long-term investment, won't fuel economic growth.
https://www.theguardian.com/commentisfree/2024/dec/30/the-guardian-view-on-city-deregulation-it-would-be-a-dangerous-step-backward
Comments
It seems that they have learnt nothing and are following tory dogma.
“Those who do not remember the past are condemned to
repeat it” - George Santayana
It's very good at what it does.
The idea that finance is more important to the community than other sectors is a grave error. It is far too large in scope and needs to be much smaller.