British PM slams plans to soup up Bank role

Houses of Parliament London

Gordon Brown, the British prime minister, has said proposals by the opposition Conservative Party to hand supervision back to the Bank of England were unacceptable and wrong.

Brown said the Conservatives' proposals, unveiled on Monday, were based on an "old self-regulatory system that never worked."

Brown, who set up the Financial Services Authority (FSA) back in 1997, said there was a "conflict of interest" if the institution tasked with controlling inflation was also charged with the day-to-da

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