The UK Treasury is planning to relax ring-fencing rules for the largest banks, allowing a 10% transfer from ring-fenced (retail) deposits into other operations *provided* these funds are used to support the 'real economy';
you can bet that Bankers will be seeking a highly permissive definition of the 'real economy'.
Whether you think this might be a problem (the relaxed ring fence that, is) depends on whether you think bankers have changed their character since 2008....
#economics
h/t FT
@ChrisMayLA6@zirk.us has moved
npub1hr…f2ktj
2026-05-18 17:14:42 UTC
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjSeen on
wss://relay.ditto.pubPublished at
2026-05-18 17:14:42 UTCEvent JSON
{
"id": "a55af5c39881511e972b44f844658be9158ce06e24652c4488dba564a8f760ee",
"pubkey": "b8de67a365b436ce300eb1049973026143f99e3d3712b326f302b7d6f49a2902",
"created_at": 1779124482,
"kind": 1,
"tags": [
[
"t",
"economics"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/116596702072083717",
"activitypub"
],
[
"client",
"Mostr",
"31990:6be38f8c63df7dbf84db7ec4a6e6fbbd8d19dca3b980efad18585c46f04b26f9:mostr",
"wss://relay.ditto.pub"
]
],
"content": "The UK Treasury is planning to relax ring-fencing rules for the largest banks, allowing a 10% transfer from ring-fenced (retail) deposits into other operations *provided* these funds are used to support the 'real economy';\n\nyou can bet that Bankers will be seeking a highly permissive definition of the 'real economy'.\n\nWhether you think this might be a problem (the relaxed ring fence that, is) depends on whether you think bankers have changed their character since 2008....\n\n#economics \nh/t FT",
"sig": "7a0b52bb004c94eeb2bcd3f1d5a17acb3f3444078a519edf9a413ff356b610f242c75b6da4e7986da45adeaf1897deb0075c71f57981b67b4dec07833ad1bfac"
}