In a week where it has been easy to criticise the Bank of England, the troubled central bank can at least derive some comfort from a report which says it should be privatised and once again be allowed to regulate the UK banking system. In a new research paper – Central banking in a free society, released by the Institute of Economic Affairs – professor Tim Congdon argues that the decision by Gordon Brown back in 1997 when he was UK Chancellor to change the structure of financial regulation in the UK is a fundamental factor in the current banking crisis.
Thanks for your interest in Euromoney!
To unlock this article: