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Keywords:
Tags: Banks / Insurance, Britain,
Grouped Articles
Osborne Promises More Regulatory Powers to Split Up British Banks
New York Times 02/04/2013
British Treasury Targets Banks to Increase Tax Revenue
New York Times 12/04/2014
U.K. Banks Face Costly Overhaul
Wall Street Journal 09/13/2011
ICB Takes Shot at Bank-Heavy Britain
Wall Street Journal 09/13/2011
Banks Build Contingencies for Euro Zone Breakup
New York Times 11/25/2011
Britain Backs Banking Overhaul
New York Times 12/20/2011
Policies of Gordon Brown and Alistair Darling in a Labor government increased the role of the financial sector in the British economy and the part played by London as financial capital, only to lead to a near collapse of the banks in the financial crisis of 2008-2009. Brown and Darling are both Scots who failed to see the effects on regions in Britain such as Scotland, already affected by deindustrialization under the Conservative Thatcher government, and now hit by the repercussions of the financial crisis under first Labor and then austerity Conservative government of David Cameron. Irwin faults the elites for failing to grasp the effects of their policies on average working people, the risks involved in an overblown speculative financial sector, and only waking up with the elections for the European parliament and tense moments before the referendum in Scotland.
Grouped Articles
In Scotland and Beyond, a Crisis of Faith in the Global Elite
New York Times 09/20/2014
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’
Wall Street Journal 10/14/2014
Jerry Brown is spending more on ballot measures than on his own campaign - The Washington Post
Washington Post 10/24/2014
British Treasury Targets Banks to Increase Tax Revenue
New York Times 12/04/2014
The hope in the 2010 budget presented by George Osborne was for Britain to have a balanced budget by 2015. The budget deficit is now forecast at 5% at the end of the fiscal year 2015 because of lower tax receipts. The Office of Budget Responsibility forecast is for a balanced budget in 2019 or in subsequent years if productivity remains low.
Grouped Articles
Tough Slog to Balancing U.K.’s Budget
Wall Street Journal 12/04/2014
U.K. Plans New Taxes on Banks, Multinationals
Wall Street Journal 12/04/2014
Wall Street Journal 12/04/2014
British Treasury Targets Banks to Increase Tax Revenue
New York Times 12/04/2014
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
U.K. Plans New Taxes on Banks, Multinationals
Wall Street Journal 12/04/2014
Tough Slog to Balancing U.K.’s Budget
Wall Street Journal 12/04/2014
U.K. Plans New Taxes on Banks, Multinationals
Wall Street Journal 12/04/2014
Wall Street Journal 12/04/2014
British Treasury Targets Banks to Increase Tax Revenue
New York Times 12/04/2014
Grouped Articles
British Budget Outlines Higher Growth and Help for Savers and Retirees
New York Times 03/19/2014
The economy: On a wing and a credit card
Economist 07/08/2013
Tough Slog to Balancing U.K.’s Budget
Wall Street Journal 12/04/2014
U.K. Plans New Taxes on Banks, Multinationals
Wall Street Journal 12/04/2014
Wall Street Journal 12/04/2014
British Treasury Targets Banks to Increase Tax Revenue
New York Times 12/04/2014
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