Bank ringfencing plans could 'threaten UK growth'

The warning came as chancellor George Osborne published the Treasury's plans to reform the structure of the banking sector. The government's response confirmed its plan to implement the ICB's recommendations by 2019, with further detail to follow in April 2012. Leading economists, led by a former senior government adviser, cautioned the changes could slow growth at a potentially critical time for the British economy, the Telegraph reports. “We are more dependent on banks right now to get the economy moving again than we have been for some time,” warned Vicky Pryce, the former joint...