Chancellor in off-balance sheet call

The Tories this week said Alistair Darling should say what he wants companies
to disclose on balance sheet, after the chancellor made a call for greater
transparency from business. ‘We need effective regulation in international
markets and far greater openness to prevent risky investments being hidden off
balance sheet,’ Darling told delegates at the Labour Party conference, in a move
apparently designed to deflect attention over the Northern Rock fiasco.

However, Justine Greening, a shadow Treasury minister, said: ‘It’s not clear
what Mr Darling has in mind. We will have to wait and find out specifically what
he feels should have been disclosed that would have been useful.’

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