Bankers holding UK economy to ransom

6 Jul 2012 11:41 AM

Vickers Commission's banking reforms fail to protect the public from future financial crises.

As the City reels from the revelations of the interest-rate fixing scandal, a new Civitas report shows that the Government's reforms of UK banks leave the public exposed to the mis-selling and risk-taking of bankers.

The Government has promised to implement the proposals of the Vickers Commission, which are meant to safeguard the banks and the taxpayer from another financial collapse. But in The Economic Consequences of the Vickers Commission, Laurence Kotlikoff shows that the reforms will not prevent the next crisis, nor make it any less harmful for the general public.

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