Archive: Banking Crisis

Laying the blame for the recession at the chancellor's door

Shrinking economy 'made worse by austerity'

Britain's dire economic situation could have been avoided with less drastic public spending cuts, an economic think-tank has claimed.

Opinion Former Articles

  • FSB: Government must not ‘water down' banking reform

    The National Chairman of the Federation of Small Businesses (FSB), John Walker, has written an open letter to the Prime Minister urging him not to ‘water down' proposals on banking reform, due be released next week.

  • ESRC: Parliament's power has shifted to the banks

    A recent report by Positive Money into the UK's banking system has highlighted that the banks have more spending power than the Government. But, unlike the Government, the banking system is not accountable to voters and its power is concentrated in the hands of a few people. Five banks, with branches on most high streets, hold 85 per cent of the UK's money and they have less than 80 board members - individuals whose decisions have the power to shape the economy.

  • FSB: Banks must not use ICB as a means of raising cost of finance

    The banks must not use the reform of the banking sector as an excuse to increase the cost of borrowing once the Independent Commission on Banking (ICB) has laid out its recommendations, says the Federation of Small Businesses (FSB).

  • Unite: RBS management and regulatory failure cost 30,000 jobs

    Ahead of the Treasury Select Committee's report over the conduct of the FSA in the catastrophic failure of RBS, Unite, Britain's biggest union says the reckless folly of RBS management and lax regulation cost 30,000 jobs and four years of constant attacks on staff pay, conditions and pensions.

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