The FSA, the protector of free market capitalism in Britain, could become a hotbed of union activism if Unite, the UK's largest union, has its way, reports The Telegraph.
Unite has called on the Financial Services Authority (FSA) to accept union representation to protect its 2,500 staff from Conservative threats to abolish the City regulator. Rob MacGregor, Unite national officer, said: "At a time of great economic and political uncertainty at the FSA, it is more important than ever that management and Unite representatives work together." The regulator and the union are not obvious bedfellows. Their fractious relationship was on display as Unite claimed to have "many members at the FSA, but the organisation continues to deny the union recognition". Th...
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