Chancellor To Protect Retail from Investment Banking

The Chancellor George Osbourne is set to announce changes to the UK banking system to help protect retail banking from investment banking.

Acording to sources it is understood that Mr Osbourne will force banks to ring fence their retail banking in order to stop it being affected by investment banking.

In a speech later today the Chancellor is expect to announce he the privatisation of Northern Rock which was nationilised in 2008.

 

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