While the Lab will report the output in due course, I thought I'd share a summary of my notes from the breakout sessions in which I participated. These looked at regulatory barriers and lack of financial awareness. Others explored the unfair advantages enjoyed by estalished providers and ways to encourage innovation. We operated under the Chatham House Rule
, hence the absence of names or affiliations.
The UK financial system is neither diverse nor sustainable.
There is plenty of evidence that the UK's financial system is suffering from a lack of innovation and competition, and is unsustainable in its current form...