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Tag Archives: Banking
Three important reasons the government shouldn’t impose a cap on payday loans
In (another) abrupt u-turn, it now seems likely that the government will accept the substance of the Labour peer Lord Mitchell’s amendment to the Financial Services Bill, which calls for a cap on the interest rates charged by payday loan … Continue reading
Posted in Economics
Tagged Banking, Cost of Living, Economy, Free market, Leadership, Rebalanced economy, Spending
21 Comments
Prioritising value over money: Greg Clark’s vision for banking
Yesterday’s FT profile of Greg Clark is worth a read. He gets that the current High Street banking structures not conducive to creating growth. Small businesses cannot grow unless their initiatives and endeavours are financed. As I wrote on Tuesday, … Continue reading
Symbolism essential when hunting banking baddies
News reaches us today that Barclays chairman Marcus Agius has resigned following his involvement in the Libor lending rate scandal. Welcome news? Certainly. Something that will restore confidence in British banking? Not likely. Since 2008 the public narrative around the … Continue reading
We deserve a banking inquiry, we can benefit from a banking inquiry
Ed Miliband talked about it. The Tax Payers Alliance support it. There needs to be a public inquiry into the relationship between the Financial industry and British society. When the credit crunch happened those in power decided that … Continue reading
Posted in Economics
Tagged Banking, Ed Miliband, finance, Inquiry, libor, Squeezed Middle
6 Comments
Responsible Capitalism Means Reforming Capitalism
When the ‘Occupy’ movement descended on the world in September last year, the unsightly camps that plagued cities around the globe were often more visible than the ideals of the protesters inhabiting them. It was the abhorrent tactic of the … Continue reading
Posted in Economics
Tagged Accountability, Banking, Business, Capitalism, Consumers, Markets, Reform, Responsibility
6 Comments