The London Stock Exchange
The London Stock Exchange

Brits Panic as ‘Disruption’ Comes to UK Finance Industry

Brits Panic as ‘Disruption’ Comes to UK Finance Industry

The UK has long been a financial center and home to the world’s top banks and financial institutions. But recently, there has been an air of desperation in the country not seen since the recession of 2007.
This is not due to the tensions caused by US elections or Brexit. No, the big banks fear changes to their industry. The term “disruption” is used to describe how new technology creates a fundamental shift in an industry, Finance World reported.
Now, these old bankers and financiers who held so much power and privilege must make way for a new kind of millionaire, young, working from their phone or laptop and beating the bankers at their own game. Disruption has changed the way they travel, it has changed the way they rent homes and it has most obviously changed the way they interact (facebook, instagram).
The Internet has created so many opportunities for people to earn money while they work from home. From online marketing to online trading. From investing to web startups, to investing in Bitcoin, the last decade has caused “disruption” in so many industries and created a new wave of successful people who can enter “traditional” industries with the click of a mouse or the tap of their smartphone. Wealthy people have been using stock trading and other lesser known financial investments to increase their wealth for generations.
Recent studies confirm the wealth gap is getting wider, meaning the top 1% of wealthiest families are getting richer, while the middle and working class are struggling to get ahead. It is for this reason that the public often do not hear about the best trading opportunities. With the advance of the Internet giving everyone access to information, there is a chance for the less well off to find out about new ways to invest, to the annoyance of the world’s elite, wealthy families.
As 2016 came to a close, the stock markets have hit record highs. If this continues, there will be a chance for wealth creation. If, however, recession hits, with interest rates close to zero, there will be no effective tools for finance leaders to stop the world slipping back into a serious financial bear market.


Short URL : https://goo.gl/J73aXK
  1. https://goo.gl/lpCL6S
  • https://goo.gl/kXyRsD
  • https://goo.gl/KlzF7M
  • https://goo.gl/BiQDlJ
  • https://goo.gl/NGE03C

You can also read ...

Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...
Morocco Currency Reform on Right Track
Few weeks after the launch of the gradual dirham float, the...
Germany to Push for Free Trade at G20
Germany’s new Finance Minister Olaf Scholz warned on Sunday...

Add new comment

Read our comment policy before posting your viewpoints