Home > DocuBase > Article

« All DocuBase Articles


Follow DocuTicker on Twitter   Feed

Thursday, 10th January 2013

Don't Bank on it: The Financialisation of the UK Economy

Source: Institute for Public Policy Research (UK)

From Press Release:

This report weighs up the arguments put forward by the financial sector’s supporters and detractors and analyses its role in the economy. The results of this analysis have some important implications for current debates about the future of the financial sector.

Since the ‘big bang’ in the City of London in 1986, there has been a large increase in the role of financial services in the UK economy. Lobbyists for the financial sector argue that Britain is good at finance and that we should exploit our comparative advantage in this area to the fullest extent. Before 2007, this view attracted wide support. The strength of the financial industry in the UK was seen as an important bulwark at a time when manufacturing was struggling to compete with low-cost production in emerging economies.

Today opinions are very different. The financial crisis of the last five years has revealed the significant risks associated with having a large financial sector. This has led to a more sympathetic hearing for those who criticise finance and financialisation: the increased role of financial institutions, markets and agents in the economy.

After the events of the last five years, finance – and investment banking in particular – are held in very low esteem in the UK, but a modern economy cannot function without a healthy financial sector. For historical reasons, the UK has a larger financial sector than other similar economies and this can be a source of strength. But the financial industry is an asset that comes with associated costs. The challenge for policymakers and customers of the financial sector is to reduce these costs without damaging the asset.

+ Direct link to report (PDF; 1.4 MB)

+ Press Release



Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

More articles by Adrian Janes »

Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

« All DocuBase Articles



FreePint supports the value of information in the enterprise. Read more »

FeedLatest FreePint Content:

  • Click to view the article How to Develop Strong Relationships between Buyers and Suppliers
    Wednesday, 25th November 2015

    Catherine Pask reports on feedback from information managers to provide suggested steps and tips for improving relationships between buyers and sellers of information, such as avoiding surprises and keeping communications open.

  • Click to view the article Surveys Reveal Concerns about Reliability of and Access to Information
    Wednesday, 25th November 2015

    As we get to the half-way point in our "News, and Other Commodities" Topic Series, Shimrit Janes pauses to reflect on the findings of FreePint's recent research and surveys into private company information and web usage policies, and takes a look at what else is still to come.

  • Click to view the article Market Landscape - Media Monitoring
    Tuesday, 24th November 2015

    FreePint presents an overview of some key vendors in the media monitoring space. The table identifies key vendors and  products, a brief description of the platform, geographic scope and highlights any special  features, key use-cases and value. Products covered include Cision, Commetric, Factiva, Infomart, LexisNexis Publisher, Meltwater News, Newsdesk, NewsEdge, Nexis, and SinglePoint.

  • ... more ...

All FreePint Content »
FreePint Topics »

A FreePint Subscription delivers articles and reports that support your organisation's information practice, content and strategy.

Find out more and order a FreePint Subscription by visiting the
completing our online form: Subscription Order page.

FreePint Testimonials

"We have enjoyed immensely working with FreePint's consulting team. Their broad experience and practical hands-on approach to strategic ..."

Read more testimonials and supply yours »




Receive the DocuTicker Newsletter each week.

Find out more »

Article Categories

All Article Categories »


All DocuBase Sources »

Source Categories

All Source Categories »


All Archives »