"Something is seriously awry when … the Financial Services Authority that was established to provide clear guidelines and rules for the financial services sector and to protect the consumer against the fraudulent, is seen as hugely inhibiting of efficient business by perfectly respectable companies - that have never defrauded anyone."
This is New Labour all over, and Brown is no better when it comes to cosying up to business. The FSA has been seen is lacking over the past few years, and it is clear Labour were not willing to give them teeth when it comes to financial regulation.
The full article can be found at http://www.telegraph.co.uk/finance/2918368/What-Blair-really-thinks-about-the-FSA.html
Also, we now find out that Blair may have misled parliament over the F1 tobacco advertising debacle http://news.bbc.co.uk/1/hi/uk_politics/7668112.stm
The working class who voted for Labour have been let down. They are Tory Light and it is clear they are only interested in maintaining the status quo with a sprinkling of neo liberal policies.
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