A POST-BREXIT “bonfire of banking rules” planned by the UK Government risks driving up food and energy prices even further, campaigners have warned.

In this video, our Council member, financial expert Graham Bishop, reviews the prospects for the City of London after Brexit. / He argues that the British government’s “Edinburgh reforms”, designed to help the City, are little more than pro-Brexit propaganda. They will usually make little difference and in some cases risk repeating the mistakes which led to the financial crisis of 2007-2009.

Brexit was always going to be a recipe for the long-term decline of London as a financial centre Any ideas that suggested otherwise were ludicrous.

Labour and the Lib Dems have condemned the chancellor's plan to weaken regulations introduced after the financial crash.

Britain on Friday launched a post-Brexit plan to relax curbs on its powerhouse City sector introduced after the 2008 financial crisis, denying the reforms will bring about new instability.

THE Tories are risking a repeat of “the catastrophe of the financial crash in 2008” by cutting back on the safeguards placed on banking in its wake, the SNP have warned.

Not everyone is convinced that scrapping a number of regulations imposed after the 2008 financial crash will benefit the economy.

Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center.

Frances O'Grady uses speech in North East to warn of effects of bad Brexit.

The admission is the starkest assessment yet of the impact of crashing out of the European Union, which both Tory leadership candidates say they are ready to do on 31 October.