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CITY VIEWS: IS REGULATION HAMPERING UK GROWTH?
SHAUN FOX | THOMAS COOPER
“Yes, definitely. There is too much red tape restricting the economy. Rules and regulations developed over the past ten years, applied layer after layer, are imposing compliance and preventing growth.”
DAVID CRAWFORD | LONDON METAL EXCHANGE
“Impending regulations might hamper UK growth, but not at the minute. The introduction of the American Dodd Frank policy at the end of this year and its effect on OTC trading is an unknown quantity.”
HASAN GENCER | ICB UK
“Yes, regulations are intended to improve the economy, bringing quality controls, but the UK has failed to achieve this. For example health services are costly and the facilities and treatments in emerging markets are more appealing.”