As an industry, financial services have been regulated to lesser and greater extents via myriad economics that since the 1980s have been led by neoliberalism, which since has been described as financialisation.
It is therefore important to understand what neoliberalism is, the political motivation behind it and its important within Treasury, the Conservative party and Brexit, if we are to understand the ongoing role of the financial service sector. What is neoliberalism? Financialisation, or financial neoliberalism, sees the domination of the macro economy and economic policy through financial sector interests. Today the economic system is burdened by this structural demand gap which has to be filled by debt and the rise of financial neoliberalism has seen the increase in the indebtedness ...
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