Ed Balls
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Ed Balls backs tougher bank regulation

The Bank of England has unveiled plans that mean bankers found guilty of misconduct may have to pay back bonuses up to seven years after being awarded them.

Speaking to the BBC, shadow chancellor Ed Balls said that he supported the move as it was "an important part of changing our banking industry".

"We also need fairness in tax and tougher regulation", he added.

  • 30 Jul 2014
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