A POST-BREXIT “bonfire of banking rules” planned by the UK Government risks driving up food and energy prices even further, campaigners have warned.
Labour and the Lib Dems have condemned the chancellor's plan to weaken regulations introduced after the financial crash.
UK defends new post-Brexit finance reforms 09/12/2022
Britain on Friday launched a post-Brexit plan to relax curbs on its powerhouse City sector introduced after the 2008 financial crisis, denying the reforms will bring about new instability.
THE Tories are risking a repeat of “the catastrophe of the financial crash in 2008” by cutting back on the safeguards placed on banking in its wake, the SNP have warned.
Not everyone is convinced that scrapping a number of regulations imposed after the 2008 financial crash will benefit the economy.
Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center.
Frances O'Grady uses speech in North East to warn of effects of bad Brexit.
Hunt admits no-deal Brexit could be almost as damaging as 2008 financial crash – but will carry it out if necessary 02/07/2019
The admission is the starkest assessment yet of the impact of crashing out of the European Union, which both Tory leadership candidates say they are ready to do on 31 October.