General Federation of Trade Unions
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Outlaw those elements in the financial sector that visited this recession upon us
Posted on Wednesday, December 17, 2008
Trading By The ’Provisional Wing’ In Financial Markets That Brought The Recession Should Be Outlawed Forthwith Says GMB
As well as taking measures to restart their economies, Governments in the UK and elsewhere need to take steps to deal once and for all with the elements in the financial sector that visited this recession upon us
17 Dec 2008
As well as taking measures to restart their economies, Governments in the UK and elsewhere need to take steps to deal once and for all with the elements in the financial sector that visited this recession upon us
Responding to today’s rise in unemployment Paul Kenny, GMB General Secretary said, "These figures reflect how many families face bleak prospects during Christmas and the New Year. Things will get a lot worse before they get better.
As well as taking measures to restart their economies, Governments in the UK and elsewhere need to take steps to deal once and for all with the elements in the financial sector that visited this recession upon us. We can no longer tolerate a ’provisional wing’ of capitalism that was allowed to cock a snoop at the standards of transparency, disclosure and accountability required of the ’official wing’ of the financial sector. Trading by the ’provisional wing’ in financial markets should be outlawed forthwith."
www.gmb.org.uk
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