UK financial markets and policies under fire

Houses of Parliament from above
Andrew Tyrie chaired both meetings

Prominent economists and former policymakers have attacked Britain's plans for regulatory reform.

In two Treasury Committee hearings held on Monday and Tuesday, first the Bank of England and regulatory reform plans, and then the banking system more generally, were disparaged by witnesses.

At the Monday meeting, which concerned the accountability of the Bank, former Monetary Policy Committee (MPC) members slammed the Court of the Bank, its governing body, as an "irrelevant… historical accident

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