Rachel Reeves thinks regulation of risk in financial services, put in place (or increased) in response to the 2008 financial crisis is stifling growth & needs to be relaxed.
So, of course we're now into the de-regualtion cycle, which will see bankers getting their wish to take greater risks... before accelerating into a crisis, expecting taxpayers to bail them out.
We've been down this road before!
If you wanted proof Reeves is in The City's pocket, this would be it.
#banking #risk
h/t FT
So, of course we're now into the de-regualtion cycle, which will see bankers getting their wish to take greater risks... before accelerating into a crisis, expecting taxpayers to bail them out.
We've been down this road before!
If you wanted proof Reeves is in The City's pocket, this would be it.
#banking #risk
h/t FT
JimmyB (he/him) hat dies geteilt
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