Policy Review Section

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Abstract
In this Policy Review Section, Chris Gentle and Neill Marshall of the Centre for Urban and Regional Development Studies, University of Newcastle upon Tyne, discuss the impact of the deregulation of the financial services industry during the 1980s on the national and regional economy. In the light of further significant changes which will take place in the structure of the financial system, including the Basle Capital Convergence Accord and the completion of a European financial market, it is argued that there is now an opportunity to move to a different form of financial regulation which enables the industry to be responsive to changing market needs whilst avoiding the problems experienced in the latter part of the 1980s of excessive regional imbalance and, in turn, the inflationary consequences for the national economy. In the second article, David Adams, Lynne Russell and Clare Taylor–Russell of the Department of Planning, University of Manchester, examine the operation of the industrial land market in the industrialized Cheshire–Wirral corridor in the period 1985 to 1991. Drawing on this analysis, they make a number of suggestions as to how local authorities could facilitate the operation of the market.

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