Families must accept share of blame for Britain's woes
Philip Hammond, the Defence Secretary, said that banks were not solely responsible for the financial crisis as “they had to lend to someone”.
The minister, who played a key role in drawing up David Cameron’s economic strategy in opposition, also claimed that people who took out loans were “consenting adults” who, in some cases, were now be seeking to blame others for their actions.
Mr Hammond made the comments after Sir Mervyn King, the Governor of the Bank of England, admitted that he should have “shouted from the rooftops” about the dangers facing the financial system. Sir Mervyn also criticised the delay by Gordon Brown’s government in bailing out the banks; remarks that prompted calls for an official inquiry into the role of regulators, the Bank and ministers in the financial collapse.
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"Families must accept share of blame for Britain's woes", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), avril 2012. Consulté le 28/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/families-must-accept-share-of-blame-for-britain-s-woes