In her first Mansion House speech as Chancellor, Rachel Reeves announced plans to deregulate the UK’s financial market (“Reeves pledges to rip up red tape as post-2008 crash regulation ‘gone too far’”, Thursday 14 November). She argued that rules brought in following the 2008 banking crash have had the “unintended consequences” of holding back “growth”.
The casino economy of the early noughties came to an abrupt end in 2008 with a banking crash which brought down major banks like Northern Rock, The Royal Bank of Scotland, Lloyds TSB and the Bradford & Bingley.
