Bank of England's Andy Haldane praises Occupy movement at NSFM supported event

The Bank of England's Andy Haldane praised Occupy and criticised investors at a recent London event: Socially Useful Banking supported by NSFM.

"Occupy’s voice has been both loud and persuasive," he said, "...I want to argue that we are in the early stages of a reformation of finance, a reformation which Occupy has helped stir."

Linking inequality to economic instability he said: "The asset-rich, in particular the owner-occupying rich, became a lot richer. Meanwhile, the asset-less and indebted fell further behind. In other words, the pre-crisis asset price bubble acted like a regressive tax."

Read the full speech here, plus reporting in the Telegraph and Guardian of the event.