Brexit could spell larger mandate for Bank of England – report

brexit-parliament

The Bank of England could see its mandate expanded to include fostering the UK’s international competitiveness under the current EU withdrawal bill being weighed by parliament.

According to a report released by the UK’s House of Lords on January 27, regulators may become “constrained” by their current mandates as the “intensity of international competition” increases post-Brexit. 

“We need to look at whether our regulatory powers or framework should be tuned up again to the new environment by

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