The recent Spending Review was the Chancellor's latest attempt to tell us a bit of tough medicine is helping the patient out of intensive care. He hopes - and we all do, irrespective of politics - that the economy is on the road to recovery and the country is returning to some kind of real prosperity.
What does that look like? It seems a long time ago we all lived in a prosperous country with prosperous industry. Strangely, we survived the dotcom crash reasonably well, and even seemed to get through the collapse of Lehman, but what really stuck the boot in was a deep recession topped up by an excessive dose of regulation. What happens if the current state of our industry and the economy is the new norm? What happens if we have had the easy money? It was only a decade ago when the industry had enough fund flows to justify price competition on ISAs, and most consumers lived in bli...
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