Comment: Labour is now the party of pragmatists
Britain needs a diversified economy — Tory opposition to it is purely ideological
Britain needs a diversified economy — Tory opposition to it is purely ideological
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.