UK action must be backed up abroad: BoE's Tucker

The British Treasury's measures, announced Monday, to kickstart a financial recovery stand a better chance of success if they are mirrored by governments across the globe, a senior Bank of England official testified on Wednesday.

Paul Tucker, the executive director of markets at the Bank who will replace Sir John Gieve as deputy governor responsible for financial stability later this year told an influential group of British lawmakers that the Treasury's measures stood a "reasonable chance" o