The Coalition's programme for government committed it to replacing the 'fundamentally flawed' system of financial regulation 'with a framework that promotes responsible and sustainable banking'. An Independent Banking Commission was subsequently created by the coalition. At a recent Institute for Government event the commission’s secretary Sam Woods and BBC Business Editor Robert Peston provided insight into how the commission made its recommendations.
As Whitehall undergoes the most radical change since demobilisation, an intriguing battle of ideas is breaking out between the Public Administration Select Committee (PASC) and the Government over how much the process should be centrally planned and controlled.
The debate in England's major provincial cities over whether to have elected mayors - to be determined in referendums next May - is hotting up. At a debate in Bristol last week, support seemed widespread, although several concerns specific to Bristol were also raised.