External link to Further moves from the government
External link to How has Thatcher and the legacy left by her government changed class mobility in the UK?
In 1998 the financial crisis had worsened and this prompted further moves from the government. The government deemed it necessary to create a new agency, the Financial Supervisory Agency (FSA), to take over the supervision of the banks from the MoF. The Financial Revitalisation Law and the Financial Early Strengthening Law were also passed in 1998. These new laws meant the FSA could take corrective […]
INTRODUCTION Although in the early twentieth century, social mobility in Britain was a seemingly dubious and slow process, as time went on, more drastic change put it into play. In previous centuries, attempts of social mobility in Britain seemed to move backwards for some classes, such as the working and middle classes, these were times when it looked like a doubtful notion. As maintained by […]