UK: we don't want this directive

UK chancellor Gordon Brown has landed the financial services industry in its worst ever stew, and it's all about MiFID. Nick Kochan reports

The UK securities industry is boiling with rage. Men who usually show restraint when it comes to political matters are venting their ire on UK chancellor Gordon Brown. They say he has let them down for failing to come to their aid in the fight against the Markets in Financial Instruments Directive (MiFID).

The industry needed his voice and his support to counter some key clauses in the notorious directive. Brown was seen as the one power broker with the authority to pull Germany behind British

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