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Osborne lets banks off hook

This article is over 8 years, 11 months old
Tory chancellor George Osborne has said he wants to stop banks using the money in ordinary people’s accounts to fund risky investments.
Issue 2339

Tory chancellor George Osborne has said he wants to stop banks using the money in ordinary people’s accounts to fund risky investments.

He claims this will ward off crises. But banks will be free to gamble with other funds.

And Osborne watered down other measures.

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