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UK government stuck in the middle of banking war

The UK government is effectively stuck in the middle of a banking war with UK financial institutions on one side and the regulators and public on the other side. It is proving more and more difficult for the UK government to find common ground and appease those on both sides of the fence as all of the parties involved have a major role to play in the future of the UK government and the UK economy.

However, the UK government is taking a very controversial stance with regards to the UK banking sector because on one hand it is promising regulations which it cannot deliver while on the other hand it is demonising the UK banking sector in the popular press. The problem for the government is the fact that the UK banking sector is THE vital element of the UK economy and without the assistance of UK banks and UK financial institutions there would effectively be no liquidity in the money markets and no chance of a recovery.

There is speculation that the government is criticising the financial sector on one hand while behind-the-scenes it is being a little more sympathetic with many initial promises of tighter regulations watered-down when finally announced.

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