Latest Issue

What was the main cause of the financial crisis, and what should be done about it? Some blame irresponsible lending and trading at the banks; they say the major banks should be broken up to separate wholesale market risk-taking from retail market service-provision. Others blame the regulators; they say the regulatory system should be reformed to become tougher and more proactive.

George Osborne has chosen to hedge his bets, taking on both the banks and the regulators. In his Mansion…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect