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Both Liberals and Conservatives in the U.K. agree on a levy on the banks to raise 1 billion pounds. Liberal's Cable is the new Business Secretary and he favors shrinking the large banks and reducing systemic risk, and a separation of retail and investment banking activities. The Financial Services Authority will continue to operate and examine banks, the Bank of England will oversee systemic risk and regulation of banks.
Grouped Articles
British Treasury Targets Banks to Increase Tax Revenue
New York Times 12/04/2014
David Cameron Leads a Call to Thwart Financial Corruption
New York Times 05/12/2016
Economist 05/13/2010
A Crisis of Faith in Mervyn King, Britain's Central Banker
New York Times 02/06/2011
British banks: Vickers in a twist
Economist 01/29/2011
British Bank Proposal Expected to Include Stiff Rules
New York Times 04/07/2011
Grouped Articles
David Cameron Faces Rebellion in His Party
New York Times 05/23/2013
Britain’s Surprisingly Unpredictable Election
Wall Street Journal 04/26/2015
David Cameron Struggles to Turn Economic Recovery Into Votes
Wall Street Journal 05/06/2015
In U.K. Election, It’s Jobs Boom vs. Stagnant Wages
Wall Street Journal 05/07/2015
David Cameron Sets Course for Britain Amid Pageantry of Queen’s Speech
New York Times 05/27/2015
The Agony of Victory: David Cameron, Interview
Washington Post 12/21/2009
The U.K. has a new coalition government after all parties fell short of a majority in the 2010 election.
Grouped Articles
U.K. Tories Suffer in Election
Wall Street Journal 05/04/13
Britain's accidental revolution
Economist 05/13/10
In U.K. Election, It’s Jobs Boom vs. Stagnant Wages
Wall Street Journal 05/07/15
New York Times 05/07/10
U.K. Government Prepares For Deep Budget Cuts
Wall Street Journal 06/22/10
BusinessWeek 06/24/10
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