The Government will take steps to 'strengthen' the UK financial sector to safeguard the economy, though it has played down talk of fining banks over their treatment of customers.
Prime Minister Gordon Brown also plans to host the next G20 summit of the world's major economies, the Queen has revealed. Financial issues were a major focus for today's Queen's speech, and the number of bills introduced was cut down from 18 to 12 as economic concerns took precedence. The Banking Bill, which will give the Bank of England more powers to protect financial stability, as well as allowing the FSA to intervene earlier when a bank gets into trouble, was the fist bill mentioned by the Queen and has already been debated in Parliament. Speaking at the state opening of Parliame...
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