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Page last updated at 08:29 GMT, Thursday, 29 July 2010 09:29 UK

Is the Bank of England too powerful?

In gaining new powers from the FSA, the Bank of England will soon be responsible for setting interest rates, ensuring stability and financial regulation.

Oxford University's Professor Christopher Allsopp and Professor David Smith, of the University of Derby Business School, debate whether it has been given too much power over the UK's economy.

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