UK’s Labour to impose “real” bank split if elected: Miliband

The leader of Britain's opposition Labour Party, Ed Miliband, speaks on the BBC's Andrew Marr Show during the Labour Party annual conference in ManchesterMANCHESTER, England (Reuters) – Britain's Labour opposition leader launched an offensive against banks on Sunday ahead of his party's annual conference, promising a "real separation" of retail and investment banking and to raise the top rate of personal income tax. The Conservative-Liberal Democrat coalition government has said it will implement the recommendations of an independent review by Oxford University economist John Vickers into how banks should be structured in the wake of the global credit crisis. …



Politics News Headlines – Yahoo! News

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.