Summary
THE Queen's Speech outlining the Government's legislative programme has inevitably been overshadowed by the continuing controversy over the arrest of the opposition frontbencher, Damian Green. But the programme deserves scrutiny: it could in part establish the battleground for the next election. The Banking Bill in particular marks the latest stage of the Government's tussle with the banks in the context of the recession.
The Bill will give the Bank of England a statutory duty to ensure financial stability, as well as giving the Treasury and the Financial Services Authority greater powers to intervene early. It will also attempt to give consumers a fairer deal. There will be greater support for families who fall behind with mortgage payments.See the full content of this document
Extract
A Queen's Speech for Hard Times ; Comment
Previously, the banking code of fair dealings was a voluntary af...
See the full content of this document
Sponsored links
