@[email protected] has moved on Nostr: Alper Kara's conclusion won't surprise you, but given Rachel Reeves seeming wilful ...

Alper Kara's conclusion won't surprise you, but given Rachel Reeves seeming wilful forgetting of the events of 2008, its worth re-stating:

'The global financial crisis was a direct result of excessive risk-taking in an underregulated system. Governments had to bail out banks with taxpayer money, leading to more than a decade of austerity.

The same mistakes could happen again. For now though, it looks like some of those hard lessons have been forgotten'!

#politics

https://theconversation.com/how-the-uks-rollback-of-banking-regulations-could-risk-another-financial-crisis-249386