As always, a new Govt. (or administration) in the UK, will be bombarded by lobbyists from the financial services industry making two key claims:
1. that finance is key to the UK's economic success; and
2. the yoke of regulation needs to be lifted so they can increase that contribution...
But, new administrations should recall, financial services have been at the heart of our industrial strategy & its clearly not working; and
deregulation has crashed the economy before!
