Politicians want more power to veto Bank

An enquiry into the crisis at Northern Rock by Treasury ministers is expected to result in calls for their colleague, the chancellor of the exchequer, to be able to overrule the Bank of England and the Financial Services Authority (FSA).

According to Tuesday's Financial Times, ministers are expected to call for a revision of the UK's tripartite system (where the Bank, along with the chancellor and the FSA share responsibility for overseeing the finance industry) so that the chancellor has the

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