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Can anybody really tame the bankers?

As the UK banking industry continues to ride roughshod over the rest of the UK economy, government and regulators, there are concerns that nobody is able to rein in the power of this growing sector. Despite the fact that the financial sector led the worldwide and the UK economy into a downward spiral, it is the first sector to emerge from the doldrums leaving many sectors toiling in their wake.

It is becoming more and more evident that the UK banking sector in particular is very reluctant to release further capital in the short to medium term because of the outlook for the UK economy. However, in a very difficult scenario, the outlook for the UK economy is being made more difficult by the very fact that the UK banks are unwilling to increase liquidity for consumers or businesses!

This comes on top of recent announcements of multi-million pound bonuses for an array of talent in the UK banking sector despite the fact that the UK government had promised to reduce bonus payments in the short to medium term at least. The power of the banking sector continues to grow at the expense of many other sectors in the UK and the UK government is looking more and more battle weary and tired.

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