Any problems? Blame the banks

If you wind the clock back one year, UK banks were the favourites of both the government and the financial media. They were one of the few sectors where we had global champions and their continued growth was the powerhouse of the economy. Their provision of credit and the recirculation of all the petro-dollars and export-led countries' excess cash to the Western World was a key part of economic policy.

The growth in lending was crucial to the success of New Labour. It fuelled 13 years of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: