Preparations for terror attack

A UK Treasury paper has looked at the idea of Chancellor Gordon Brown taking direct control of key financial institutions, including the Bank of England, in the event of a September 11 style terrorist attack on London. The Treasury stressed it remains open minded on the idea, however.

Source: Financial Times

Gordon Brown is seeking sweeping powers to take control of the Stock Exchange and other key financial exchanges, and settlement and payment systems in the event of a terrorist attack.

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