It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
Plans by ministers to wrest key powers from the Bank of England for use during any future crisis in the banking system emerged amid fresh signs of tensions with the Treasury.
If the Treasury were to take powers over this area, even if they were only to be used in a crisis, the City and markets worldwide would be bound to see such a move as compromising the Bank’s independence and challenging the credibility of its mission to pursue control of inflation without political interference.