A few days ago the BBC reported https://www.bbc.co.uk/news/business-66897881 on the disastrous mini budget of the Kwarteng/Truss era, and included this:
Economically, the UK has long enjoyed a privilege in the markets - able to run "twin deficits" on both trade and government borrowing. But this reliance on the "kindness of strangers" funding was shaken by last year's events.
Is it accurate to interpret that as a claim that the UK economy has long been propped up by the financial services industry?
If so, it is fair to interpret it as the UK guaranteeing favourable tax treatment of the financial services companies and their owners and staff, in return for loans etc. which might not be to the advantage of those companies' clients?