New research reveals Britons are roughly 40% poorer than Americans, largely due to tighter post-2008 financial regulations in the UK that have stifled bank lending—especially for small businesses. While U.S. banks rebounded quickly, UK lending remains 15% below pre-crash levels, dragging down economic growth for over 18 years. This regulatory tightness is seen as a self-inflicted economic wound. Now, the Bank of England is easing some rules, notably lowering the leverage ratio to boost lending—but officials stress that regulation must still balance growth with stability.
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