‘In Manchester there’s lots of talk about sustainability but it’s never embedded’, says Chris Walsh, a co-founder of The Kindling Trust. ‘The city is obsessed with inward investment and very traditional economic growth which eclipses all else.’
Reforms to make banking competition work for consumers have reached an impasse. Do nothing and we can expect nothing to result, but even with Project Merlin – which was established by the four major UK banks (HSBC, Barclays, Royal Bank of Scotland and Lloyds Banking Group) and hopes to improve stability and competition between banks – lending fell for Britain’s top banks in every quarter a year after its implementation.