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MR - Blog

Spheres of influence revealed

Thursday 2nd of July 2009

The powerful Finance and Expenditure Select Committee has wimped out on an enquiry into interest rates charged by banks.

And Labour and the Greens are furious.

It’s no surprise really. Any such enquiry was likely to bear little, if any, fruit and goes to show that the authorities are reasonably powerless when it comes to influencing where interest rates should go.

If you think about it the MP enquiry was never going to win whatever decision they made.

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