The Guardian view on City deregulation: a recipe for recklessness - short news
The Treasury seems to think relaxing financial rules will boost growth. There’s little evidence for this idea – and every reason to believe it could exacerbate risks
In its desire to ensure the City of London remains attractive after Brexit, the Treasury seems to have forgotten one of the major lessons of the 2008 financial crisis: when regulation is lax, risks accumulate. This month, it launched a consultation about whether it was time to lighten the rules governing alternative..
source: The Guardian - 20.04.2025