December 4, 2022

Sunak postpones showdown with Metropolis regulators over

Sunak postpones showdown with City regulators over

Sunak postpones showdown with City regulators over

Rishi Sunak on Tuesday delayed a showdown with the Financial institution of England, as the federal government postponed the publication of plans to permit ministers to over-rule Metropolis regulators.

Metropolis minister Andrew Griffith informed MPs that the prime minister needed extra time “to grasp what is a crucial and detailed matter” and to take account of feedback made in regards to the controversial plan.

Griffith mentioned it was vital to have the “proper wording” in a proposed new “public curiosity intervention…

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