Did she jump or was she pushed?
The head of the Financial Ombudsmen service, Abby Thomas, has quit.
Its not long since Rachel Reeves criticised the Ombudsmen & other regulators for not being sufficiently focused on business interests & growth; too often they'd taken the side of consumers in complaints about financial services misconduct.
So, deregulating the financial services sector by a range of means continues... what could possible go wrong?
I don't know; 2008?
#FinancialService
h/t FT
@ChrisMayLA6 presumably it's not just me, but this Labour govt exerting so much pressure on quangos, which are meant to have some independence, is not a good thing.
I was disappointed by the head of the CMA going, since they seemed to have finally started tackling the mobile phone duopoly.
I had hoped for so much more from Starmer and co, other than yet more hot air, empty words and 'resets'.
