The Government and the financial services industry - pah, they haven't got a clue!

This video, shown live on Sky News and featuring financial adviser, Jonathan Davies, a year ago, when the economy was at its worst,we at XL-recruitment believe, highlights the governments inability to understand the financial services industry as a whole and not just the housing market. Longer term their lack of understanding could potentially have a detrimental effect on the financial services industry as a whole and I think many financial advisers and IFA's are watching with interest how the next few years within the industry as a whole, pans out.

Financial advisers across the UK and particularly in the mortgage industry, have often informed us at XL-Recruitment over the last year, that the mortgage market has died a death. Sub Prime lending is no more - not a bad thing - couples with limited funds and very little expendable income, overreaching themselves with 100% mortgages and property with overinflated values can't be good for the economy as a whole!

Can the green shoots of recovery we are now experiencing - and we are - be attributed to the governments and Bank of England quantitive easing or is it just natural organic growth? For us in the financial services recruitment industry, any growth whether forced or not is fantastic, especially after a year of reduced fee income and business development. The more of it we see, the happier we become, as I am sure, are most, if not all the financial advisers, IFA's and mortgage advisers who have struggled to maintain enough of an income level to survive, let alone prosper.

So come on Mr Brown, get a grip, why not put some measures in place that might actually work and give us a sustained uplift and not a yo-yo recovery.