UK regulator must not impede recovery, Osborne says

05/1/2013 | Reuters · Bloomberg

Chancellor George Osborne is encouraging the Bank of England's Financial Policy Committee to make sure it doesn't hinder economic recovery as it strives for longer-term stability. "It is particularly important, at this stage of the cycle, that the Committee takes into account, and gives due weight to, the impact of its actions on the near-term economic recovery," Osborne wrote in a letter to BoE Governor Mervyn King.

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