FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Lord Myners calls for Independent financial review

Lord Myners, despite spending months looking into the workings of the city and the financial sector, has called for an independent review of how the investment banking industry now dominates many different areas of UK society. Whether this is just yet another attention grabbing headline on behalf of the UK government or actually a policy which the authorities will see through in the short to medium term remains to be seen.

Those who follow the political scene, and the financial scene, will be well aware that often derogatory political headlines are followed by attacks on "public enemy number one" which is the UK financial sector at the moment. It is not only the Labour Party which utilises out this particular strategy with the Conservatives and other political parties also quick to make mileage out of the public's perception of the financial sector. However, we need to see more substance and more action rather than just words!

Many people believe that the UK financial sector has grown far too strong and is now far too influential on the UK economy. Reducing its influence and power in the short term could well reduce economic growth in the foreseeable future - but is this a risk worth taking?

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue