Commenting on the publication of the New Economics Foundation report Subverting Safer Finance: How the UK holds back global financial regulation, Simon Barrow, co-director of the beliefs and values think-tank Ekklesia, said:
"The government's commitment to an economic strategy that punishes the most vulnerable with cuts, while allowing the UK to remain a hub for hugely damaging financial speculation on commodities, is but one indicator of the fallacy of its thinking - which is being sold to the public as 'common sense' and 'good housekeeping'.
"It is untrue to say that there are no alternatives. Once again the New Economics Foundation and its associates are at the forefront of demonstrating how corporate accountability, fair taxation, financial transparency, reclaiming lost billions from offshore evasion, and responsible regulation are vital in order to tackle the deficit in a just, sustainable way that does not cause irreparable damage to people and planet."
Although the views expressed in this article do not necessarily represent the views of Ekklesia, the article may reflect Ekklesia's values. If you use Ekklesia's news briefings please consider making a donation to sponsor Ekklesia's work here.