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Reforming markets, protecting consumers

by bbfuture 10. July 2009 13:51

Yesterday, the Government published Reforming financial markets [External - PDF, 2.08MB], our proposals for sorting out the financial system.

It learns the lessons from the global financial crisis, which began with failures in the banking system and resulted in the current global economic downturn.

We can’t have a proper recovery in our economy until the public trusts banks again. We also need to make sure individuals who are already facing financial difficulties get the help they need at this difficult time.

So Reforming financial markets [External - PDF, 2.08MB] proposes stronger bank regulation, a more robust system of financial market regulation and help for consumers to make better choices, including a national money guidance service, and a call on banks to resolve overdraft charges for 1 million complainants.

Reforming financial markets is one of 12 practical steps the Government is taking to build Britain’s future.

What do you think are the best ways to strengthen Britain’s economy?

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