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Will the UK financial sector ever be the same again?

Despite the fact that the UK government has injected billions upon billions of pounds of taxpayer's money into the UK financial sector, and money markets in particular, there is concern that the UK financial sector is about to change forever. One of the major concerns is the fact that the European Union has become more involved over the last few months and has ultimately been looking to reduce the influence of London on the worldwide and the European financial sectors.

While on the surface the UK government appears to be fighting the corner of the UK financial sector, in reality the various EU agreements signed in the past have effectively handed over control of many areas to the European Union. In hindsight, while historic governments have tried to protect the UK financial sector from the EU, it looks as though we could see the landscape about to change forever. It is no secret that the German government and the French government have been very keen to reduce the influence of London on the worldwide financial landscape and will be more than happy to push through tighter EU regulations for the overall European financial sector.

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