Opposition peers proposing to amend Bank of England bill,which would unwind tougher regulation set up by the coalition in 2013Labour and Liberal Democrat peers are threatening to block George Osborne’s plans to water down regulatory powers designed to hold top City bankers to account for banking scandals.
Opposition parties want the chancellor to reflect again about his proposals to unwind tough regulations on banker accountability, introduced by the coalition government only two years ago. Continue reading...
Source: theguardian.com