Reforming the banking system delayed until after the next election

[Gromit]

After the near collapse of the UK banking system in 2008, and the rescue bailouts to the tune of £850billion resulting in our record deficit, you would have thought that measures to make sure nothing similar happens again would be of the highest priority.

But 3 years have past with no reforms to the banks, and now they have decided not to do anything until at least after 2015.

http://www.independen...-delayed-2347367.html

Neglect of duty?

[rov1100]

What the Tories mean is that come the next election the Liberals will be booted out and the Tories will go it alone. Once they have the power in their hands this banking reform will be shoved into the long grass.

[Gromit]

Do you think the Conservatives will go into the next election promising to shove banking reform into the long grass?

2010 Conservative manifesto:
// British banks became amongst the most indebted and most leveraged in the world – with disastrous consequences for us all.

This credit boom turned into a bust, with a significant fall in credit available to firms. Lack of access to credit remains a major problem, especially for Smes. We need to change the way we regulate our banks to stop a crisis on this scale ever happening again.

The financial sector must not put the stability of the whole economy at risk.
We will put in place a levy on banks.

We are prepared to act unilaterally if necessary.. //

Yet another U-Turn (or unfulfilled promise).

[jake-the-peg]

The Tories will goi it alone will they?

http://ukpollingrepor...uk/blog/archives/3943