Why we can’t let the banks off the hook.

By Christine Berry.

We’ve heard a lot from George Osborne [recently] on the dangers of ‘complacency’ about the UK’s resilience to global economic shocks.

But the real complacency we should be worrying about is the return to business as usual in our banking sector.

In a speech in Cardiff [on 7 January], the Chancellor warned that Britain faced a “dangerous cocktail of threats” in 2016, and that calls for more public investment amounted to “creeping complacency” about these threats.