Bankofengland_2 On Monday, George Osborne is set to announce details of Conservative economic proposals, geared towards resolving current difficulties. Today, a policy of increased powers for the Bank of England have been revealed – including the ability to rescue failing banks and to monitor consumer and corporate debt.

The announcement follow’s Cameron’s interview in today’s Daily Mail, where he revealed proposals to take away from the Treasury some of its oversight over taxation and government spending: "We are at the end of 14 years of economic growth and we have got an enormous deficit. What we need is external judgment of fiscal policy."

The BBC’s Robin Chrystal suggested Conservatives are "likely to present their proposals as more far-reaching and on a par with Gordon Brown’s decision to give the Bank independence in 1997".

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