Labour to propose Bank of England remit to boost productivity
by Richard Partington from Economics | The Guardian on (#3SKXM)
John McDonnell will call for major changes to UK's financial system based on broad review
The Bank of England could be given a mandate to boost productivity growth under a Labour government as part of opposition plans to overhaul the country's "economic architecture".
Revealing the findings from a review of the UK financial system, the shadow chancellor, John McDonnell, will on Wednesday make the case for a fundamental transformation that could include a revamp of the Bank's remit in order to help drive economic growth.
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