UK Conservative party outlines financial and economic reforms in new policy document

george osborne
George Osborne, shadow chancellor, UK Conservative Party

The UK's shadow chancellor, George Osborne, reaffirmed the Conservative party's commitment to "abolish the failed tripartite system of regulation and put the Bank of England back in charge" of prudential supervision at the launch of A New Economic Model: Eight Benchmarks for Britain in London today.

With an election just four or five months away in the UK, political focus on the fragile economy and the banking sector is increasing. The policy document said that the Conservative party's

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