Uk Finance Industry
October 20th, 2006 | 
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Question: Do u agree with Mr. King - Governor of the Bank of England?
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3842764.ece
Its refreshing to actually hear somebody come and say what a lot of people have been thinking. Could have acted earlier though.
Yes I agree SIOINIG I believe today's financial turmoil in the U.K. has its roots in Thatcher's years when the financial regulations were lifted.
Nagbag - good points so true. Not a lot between them.
Answer: ...And the Thatcher government blamed the mess they inherited from the Labour Govt.
It was G. Brown who split financial control between the B of E, the FSA and the Treasury, so clipping the wings
Is Mr. King being told what to say??
The FSA didn't do their job very well, witness Northern Rock.
Brown sold some of our gold at rock bottom price, robbed pension funds and increased indirect taxation.
He also seems keen to give our cash to countries that have their own rich entrepreneurs or corrupt heads of state.
London hemmoraging financial industry abroad (06Oct09)
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