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Did the UK public understand the financial sector before the crisis?

While the UK banking sector and financial sector as a whole has been public enemy number one for some time, blamed by many for the collapse of the UK economy, do the UK public really understand exactly what the sector does?

The vast majority of UK population only see the tip of the iceberg with regards to this the financial sector and the headlines which seem to indicate that million pound bonuses are commonplace. The fact is that when the market is good then remuneration packages are very good but when the market is bad this is an industry where jobs can be lost at the drop of a hat. To give the impression that the UK banking sector is nothing but a "Jolly boys outing" is wrong as it is central to the UK economy and creates billions upon billions of pounds of income for the UK government, each and every year.

London has built a reputation almost second to none on the worldwide financial landscape and this campaign to open up the financial industry in the UK could weaken the position of London on the worldwide stage. This would not only have implications for UK employment but the UK economy is well, as it could reduce the number of options companies have to raise funds.

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