Plus Ca Change

The 2008 global financial crash was prompted by the deregulation of the financial services and banking industry. The deregulation led to a lot of very questionable financial decisions being made (home loans being dished out like Halloween candy to people unable to afford the repayments) that inevitably caused the whole system to crash. Huge firms that were considered being "too big to fail" actually really totally and utterly failed. People's savings and pensions were wiped out. Some UK banks barely escaped destruction by the skin of their immaculate dentistry. The Labour government led by Prime Minister Gordon Brown dipped heavily into the public purse to shore up Britain's extremely wobbly financial centre. Purse strings were pulled tight to see us through. (A financial advisor told me that she thought Gordon Brown saved the country with his actions and over time would be seen as a British hero on the same level as Churchill). Come the 2010 election, the Conservatives (who hadn't…

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