The Bankwatch

Tracking the consumer evolution of financial services

The Role of Financial Services in the Economy

A debate ensues in UK and to some extent in France, on the issue whether the financial sector is an underpinning of the economy, or a destabilising factor to the economy.

The debate is quickly moving to new taxes on transactions, but its unclear to me why that would solve either side of the debate, rather than merely be passed on to customers.

City regulator seeks to deflate financial sector with global tax | FT

… … a “swollen” financial sector paying excessive salaries has grown too big for society

Written by Colin Henderson

August 26, 2009 at 19:13

Posted in Uncategorized

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