Commentary

Small Bang 2.0 is barely a Christmas gift for the City

As Big Bang 2.0 goes with a whimper, at least reforms are moving in the right direction

Small Bang 2.0 is barely a Christmas gift for the City
Photo: Getty Images

With its much-trumpeted package of regulatory reforms, the government is offering the City a big, shiny Christmas present.

Wrapped in sparkly paper and tied up with a big bow, it looks great. But inside there is a huge amount of bubble wrap, lots of vague promises of future gifts and some socks that look suspiciously like the same ones as last year.

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