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The National (Scotland)
The National (Scotland)
National
Judith Duffy

Post-Brexit 'bonfire' risks driving further price rises, warn campaigners

Brexit United Kingdom Nick Dearden UK Government Global Justice Now House of Lords

A POST-BREXIT “bonfire of banking rules” planned by the UK Government risks driving up food and energy prices even further, campaigners have warned.

The Financial Services and Markets Bill, which is currently going through the House of Lords, will bring a massive shake-up of how the sector is regulated in the wake of leaving the EU.

Social justice campaign organisation Global Justice Now has raised concerns the move towards deregulation could sow the seeds for another financial crash and will make it easier for bankers to gamble on food and energy prices in the middle of a cost of living crisis.

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