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Tories say Darling’s ‘white flag’ is sign of surrender

The Conservatives have attacked the Government’s White Paper on banking reform, calling it “a white flag” and arguing it should have buried the tripartite regime.

Speaking in Parliament last week after the launch of the paper, Tory Shadow Chancellor George Osborne said the paper was a “totally inadequate response” to the economic crisis and said the Government had surrendered its responsibility to fix the regulatory system.

Osborne said: “The next Conservative Government will abolish the tripartite system.”

He said the Tories would put the Bank of England in charge of prudential supervision.

The Tories are due to release their alternative White Paper later this month.

Liberal Democrat shadow Chancellor Vince Cable joined in the attack, calling it “a blank paper” and blasting the Government for failing to take action on the semi-nationalised banks.

Cable said: “Mr Darling should have used this opportunity to assert his authority over the banks. Instead, he is maintaining his passive role in UKFI, which is just not good enough. How can the Chancellor keep pretending that the semi-nationalised banks are not a tool of public policy when they benefited from billions of pounds of taxpayers’ money?”


Three’s company

I thought I would talk about three funds rather than the usual one. All three are centred on the UK market and I have already featured two this year, namely the Standard Life recovery fund and the Schroder UK alpha plus fund. The remaining fund is a new launch from Old Mutual, the UK dynamic equity fund.


What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.


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