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Banks need more regulation, not less
Labour’s ex-banker Chancellor plans deregulation while City profits soar and customers suffer — between money laundering scandals and the exploitation of Covid loans, it’s clearly time to end this madness, says BERNIE EVANS
Chancellor of the Exchequer Rachel Reeves at the Confederation of British Industry (CBI) conference at the QEII Centre, London, November 25, 2024

THE government seems intent on liberalising financial sector regulations, obviously because ex-banker Rachel Reeves has an overinflated view of the banking industry.

Regarding the City as the “crown jewel in our economy” seems ridiculous when the role banks play in our economy is actually analysed.

As for deregulating, recent events in the City would suggest more rather than less regulation is needed.

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