Every time the UK Chancellor of the Exchequer rises to his feet to give his now biannual statement to the House of Commons the media clamours over itself to hail some major change or other.
Indeed, the politicians also like to make us all believe that they have come up with some bold new policy that will change our lives for ever more.
In reality though, changes to the UK system of financial rules and regulations plot a slow and methodical course. And it does so for a very simple reason: a properly functioning economy must have stability and predictability. Read More