A story we didn’t get the chance to cover this week was Nick Clegg’s speech to the National Liberal Club in which he gave his personal backing to an idea being developed by Lib Dem shadow business secretary John Thurso – the potential for a system of localised stock markets across Britain:
Regional stock exchanges are one way of getting vital investment directly to small and medium-sized businesses. They could give local investors – many of whom are disillusioned with the City – an opportunity to see business grow and keep jobs in their communities.
“Too many are struggling and many viable start-ups just cannot secure the finance they need. We simply can’t rely on wheeler-dealing in London’s Square Mile to keep the country afloat. It’s high time we look at innovative ways to spread growth across the country.”
Well, the idea has found early and firm favour in Wales, where the party’s economic spoksesperson Jenny Randerson has declared her support for the idea:
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