Craig is a pensions policy officer at the TUC. He worked previously as Lecturer at the University of Warwick, head of policy at the International Longevity Centre (ILC-UK) and policy advisor at HM Treasury. His book Globalisation and Ideology in Britain was published by Manchester University Press in 2011.
The financial sector breathed a sigh of relief this week as the Basel Committee’s recommendations for new rules on banking regulations were announced; stock markets around the world rallied. Rules on the amount of capital banks must hold to cover risk – and the extent to which reserves must be liquid – are less stringent than expected.