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All change at the Bank of England?
by Haines Watts Newcastle on 9 November 2011
It is reported that MPs have called for a radical shake up of the Bank of England to prevent difficulties in the future. The BBC claim that the Treasury Select Committee has issued recommendations to make it clear who should be in charge if there is another financial crisis. The question is how do MP’s know that their new rules will make a difference and will making the Bank more answerable to MPs protect the UK from future economic difficulties?
Perhaps it might just create more bureaucracy? Who advises MP’s? Bureaucrats perhaps?
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