Reacting to news that Mark Carney is to become the new Governor of the Bank of England, the TUC said that the Chancellor's policies had made his job 'close to impossible'.
Austerity measures had sent the economy back into recession and threatened a lost decade of stagnation, the TUC said, adding that while the Bank had been given an important new role in regulating banking, the Government wanted to water down the Vickers recommendations.
http://www.tuc.org.uk/economy/tuc-21708-f0.cfm
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