A simple way to reform the banks

Tory MP Douglas Carswell has proposed a simple and effective way to force banks to lend well and to limit their ability to indulge in fractional reserve banking.

In my interview in the magazine this week - which subscribers can read here - I talk to Douglas Carswell. There wasn't space to look closely at his views on bank reform, but when I asked him what he would do to make the UK a better place, this came pretty near the top of the list.

So close is it to his heart that he even introduced a bill on the matter back in 2010, which you can see here.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.