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George Osborne fails to impress

November 16, 2008 5:20 PM
Financial de-regulation - was it worth it

How safe are our savings now ?

Those Fylde residents suffering under the present financial situation are unlikely to be impressed by the sayings of George Osborne. It was the Tories in the 1980's who started de-regulation of financial services including the 1986 Building Societies Act which allowed a new breed of mortgage lenders, often financed by overseas banks, to enter the market. It's been downhill ever since with only LibDem Vince Cable issuing public words of warning.

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