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Post-2008 bank rules, not recession, throttled UK growth says former White House advisor
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Post-2008 bank rules, not recession, throttled UK growth says former White House advisor
British small businesses are being approved for bank loans at less than half the rate they enjoyed before the financial crisis, and one of Donald Trump’s former economic advisers says the fault lies not with the 2008 crash but with the rules written in its aftermath. Tyler Goodspeed, who chaired the White House’s council of economic advisers from 2020 to 2021 and is now chief economist at Exxon Mobil, argues that post-crisis regulation forcing b…
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