Special report by PEOPLE’S WORLD
BRITAIN has one of the largest, least diverse, most complex and interconnected financial systems of the advanced economies.
In contrast to many other countries, the banking sector in Britain is dominated by a handful of large, shareholder-owned universal banks, whose main aim is to maximise shareholder return.
Britain is also unusual in that it lacks a significant local or regional banking presence — the market is overwhelmingly dominated by national and often internationally orientated banks.
These features contribute towards a number of social and economic problems.
If the government really wanted to address public finances, improve living standards and begin economic recovery, it would increase its borrowing for investment, argues MICHAEL BURKE
Politicians who continue to welcome contracts with US companies without considering the risks and consequences of total dependency in the years to come are undermining the raison d’etre of the NHS, argues Dr JOHN PUNTIS
NICOLA SARAH HAWKINS explains how an under-regulated introduction of AI into education is already exacerbating inequalities


