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Podcast: Beyond Currency
Episode: 9 December 2022 - 20% of SME businesses plan redundancies
Description: The Government is about to announce the largest shake-up in the regulation of banking and finance since Big Bang more than thirty years ago.
One of Mrs Thatcher’s flagship policies, Big Bang, was designed to radically change the way in which trading was done by opening financial markets for all. It heralded the arrival of electronic trading in stock and shares.
Banks took full advantage of the new, liberalized markets, but their thirst for profits created several dangerous practices which led either directly or indirectly to the financial crisis which started with the collapse of Lehman Brothers in 2008 and en...