Home > DocuBase > Article

« All DocuBase Articles

 

Follow DocuTicker on Twitter Bookmark and Share   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


Category:

Source:

Views: 1978


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

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


FeedLatest FreePint Content:


  • Click to view the article Innography Comes of Age
    Wednesday, 20th August 2014

    Following her review of Innography and its key intellectual property products, Cathy Chiba considers the company's evolution and the value it offers its customers.

  • Click to view the article A User-Centred Approach to Privacy
    Wednesday, 20th August 2014

    There's been a lot of focus on data privacy recently and news stories often show how organisations are failing to protect their customers' data but are users doing enough to protect themselves? This article looks at how users and organisations can better protect personal data.

  • Click to view the article Due Diligence - from Business Burden to Business Benefit
    Tuesday, 19th August 2014

    Organisations face growing legal and reputational risks associated with doing business. These risks have become even more significant because of mounting pressure from regulators and an increase in business carried out in higher risk jurisdictions. Increasingly complex business regulations such as the US Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act ensure that companies thoroughly examine third-party relationships to tackle the risk of money laundering, bribery and corruption and sanctions regimes. Mark Dunn looks at what the law says regarding Anti-Money Laundering and Anti-Bribery & Corruption, and how organisations can mitigate the risk of becoming involved in corruption through third parties (e.g. agents, suppliers) by implementing a simplified or Enhanced Due Diligence process.

  • ... 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

"FreePint's CoPs are: 'extremely relevant' and 'well worth attending'." Information Centre Manager, Financial, Government

Read more testimonials and supply yours »







 

 
 
 

Subscribe

Receive the DocuTicker Newsletter each week.

Find out more »

Article Categories

All Article Categories »

Sources

All DocuBase Sources »

Source Categories

All Source Categories »

Archive

All Archives »