Osborne wants more powers for Bank of England rather than FSA

York, Nicola
January 2008
Money Marketing;1/17/2008, p8
The article reports on the disagreement of Shadow Conservative Chancellor George Osborne on the Financial Services Authority's (FSA) new bank rescue powers vested by Chancellor Alistair Darling in Great Britain. In his speech at the London School of Economics in January 2007, Osborne argues that the move will undermine the plans of the Bank of England (BoE). In addition, he suggests that BoE should get the powers along with moves to increase its independence.


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