BBCNEWS BBC News June 4, 2024 18:11:00
The uk's financial sector, relaxing some of the safeguards imposed after the 2008 financial crisis. he says the reforms will cut red tape and boost growth but critics say his plan risks forgetting the lessons of the past. our business editor, simonjack reports. october 1986, the so—called big bang, widespread financial deregulation in the uk, which ushered in an era of buccaneering, risk—taking freewheeling. but in 2008, the wheels spectacularly came off, banks around the world went bust, requiring tens of billions of taxpayer—funded rescues. tough rules to stop that happening again are ...