Bank of England Governor Mark Carney warned that people will
turn their backs on free and open markets unless something is done to help
those left behind by the financial crisis.
In a speech, he said: "Globalisation is associated with
low wages, insecure employment, stateless corporations and striking
inequalities."
In many advanced economies there are "staggering wealth
inequalities," he added.
"Just 2% of households have deposit holdings in excess
of £5,000, [they have] few other financial assets, and don't own a home.”
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