The growth of the finance industry is strangling the UK economy
‘In pursuit of the high returns in the shortest possible time, the finance industry has moved into the high street.’
‘In pursuit of the high returns in the shortest possible time, the finance industry has moved into the high street.’
The Financial Services and Markets Bill does nothing to check corrupt practices
‘Corporations excel in corrupt practices by funding political parties and legislators to ensure that their interests are prioritised.’
Private equity is a key part of shadow banking and has been buying-up many businesses. What private equity entails is private equity firms using funds raised from institutional investors to acquire and engage in buyouts of businesses.
‘No point in using bank funds to make the rich richer. No point in building new roads, or investing in fossil fuel when the carbon bubble looms every larger. Every point is focusing resources on projects that deliver for people and planet.’
‘The City of London has never been a model for any kind of responsible conduct. It has looted people’s savings, investments, and pensions for decades.’
The finance industry is the only one that regularly needs to be bailed out by taxpayers
The Greensill collapse is a reminder of the failures of financial deregulation, writes Prof Prem Sikka.
Skewed reporting of finance and politics more generally is a matter of deliberate choice, writes Prof Prem Sikka.
No fewer than 25 regulators deal with money laundering alone yet London is a major centre for dirty money, points out Prem Sikka.