UK opposition calls for new central bank powers

Giving central banks the power to vary the capital banks hold over the economic cycle could help prevent asset price collapses, argued George Osborne, the Conservative shadow chancellor.

Speaking to an audience at Harvard Business School, Osborne said that although the current policy framework in the UK successfully tackled inflation this had meant the "disregard for the current account, asset prices, the rate of growth of credit or household balance sheets."

The new economic challenge of our time

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.