The Governor of the Bank of England Mervyn King has questioned whether the institution is powerful enough to fulfil its new role of promoting financial stability. Business editor Robert Peston and Vince Cable, Lib Dem Treasury spokesman, consider how the Bank will be able to discharge its new statutory responsibility.
Mr Cable also considers the effects of the publication of MPs' expenses. He says that if it wasn't for the leak, the worst excesses would never have emerged.
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