Tony Blair Is Shaking A Stick At The City

Labor wants more serious regulation, but will it go too far?

Britain's Labor Party long has promised to take a broom and clean up the not-always golden square mile comprising the City of London. So it comes as little surprise that Prime Minister Tony Blair's new government is turning its attention to financial reform, following up quickly on Chancellor of the Exchequer Gordon Brown's audacious move to allow the Bank of England to set rates on its own.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.