Should the UK scrap bank ring-fencing rules? | Political Currency Podcast
July 15, 2025
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14:13Now PlayingShould the UK scrap bank ring-fencing rules? | Political Currency Podcast
YouTube Description
as posted by the channelGeorge Osborne and Ed Balls unpack the debate around bank ring-fencing. For years, UK banks have been required to keep everyday customers’ deposits and mortgages separate from riskier investment activities.
George reflects on his time introducing these rules after the financial crisis, while Ed questions whether they’ve actually delivered the protection they promised. Now, with the Bank of England considering changes and major banks lobbying the new government, are we heading for a major shift in regulation?
In this episode of the Political Currency podcast, the pair discuss the arguments for and against relaxing the rules, including Bob Diamond’s claim that ringfencing does more harm than good. With Barclays backing the status quo and others pushing for reform, what position should the Starmer government take? And is it even possible to loosen the rules without removing the core protections?
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