Asked whether he is effectively sowing the seeds of the next financial crash, the Chancellor told broadcasters in Edinburgh: "No, because we have learned the lessons of that crash, we put in place some very important guardrails, which will remain.

Asked whether he is effectively sowing the seeds of the next financial crash, the Chancellor told broadcasters in Edinburgh: "No, because we have learned the lessons of that crash, we put in place some very important guardrails, which will remain.