Labour plans radical crackdown on 'failed' corporate regulators

Shadow chancellor John McDonnell calls for tough overarching authority to end corporate scandals Companies that break the rules could face tougher sanctions under plans being considered by Labour to scrap Britain's "multiplicity of overlapping regulators", which the party believes cave in to powerful commercial interests and fail to protect consumers. A report commissioned by John McDonnell, the shadow chancellor, argues that there needs to be a new authority to investigate commercial wrongdoing...