One year after Lehman Brothers’ dramatic plunge into bankruptcy, one of Britain’s leading policy think-tanks has warned that too little has been learned from the crisis.
The Institute for Public Policy Research (IPPR) said “alarm bells should be ringing” because the return of the bonus culture in the City signalled that real changes have been “very limited”.
Tony Dolphin, senior economist at the IPPR, said there was little evidence that policymakers were taking measures “to ensure the next economic recovery is better balanced than the last one”.