City panel may oversee BoE's market policing - papers 6 June

In plans that are likely to inflame tense relations between the Treasury and Mervyn King, the Bank’s Governor, Mr Darling revealed that he wants to impose on the Bank an expert panel to advise it on emerging financial dangers and monitor if efforts to prevent crises. The Chancellor signalled the proposals, likely to be seen at the Bank as unwelcome external interference, in remarks in the Commons. THE HOUSING MARKET is deteriorating at a much faster rate than it did during the recession of the early 1990s, Bellway said, as expectancy grew in the City that some UK housebuilders could b...