In a clear sign that UK banks are preparing for a
Conservative government, in-house counsel are ignoring Labour
plans in favour of the Tory’s recent White Paper.
"In the past couple of weeks we’ve really started
to focus on the possibility of a Conservative government," said
an in-house counsel in London. "When endless Labour papers come
through we have to think: 'Is it worth spending time on
proposals that probably won’t
happen?’" And his peers agree.