THE Tories are risking a repeat of “the catastrophe of the financial crash in 2008” by cutting back on the safeguards placed on banking in its wake, the SNP have warned.
It comes after Chancellor Jeremy Hunt announced what he called the “Edinburgh Reforms” - 30 changes he said will “turbocharge” growth, including by easing capital requirements for smaller lenders.
Hunt claimed the reforms would “seize on our Brexit freedoms to deliver an agile and homegrown regulatory regime that works in the interest of British people and our businesses”.
