MPs’ lack of trust threatens banks

Out of all industries MPs trust banking the least, according to the results of a new Edelman survey. A net balance of 61 per cent of MPs distrust the banking and finance industry. This lack of trust means banks will find it hard to have their concerns listened to and so could lead to “revolutionary change to Britain’s banks”, Edelman warned, adding to the already weight regulatory burden on the firms. Labour MPs are the least likely to trust banks.