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More than 1,000 FSA-authorised financial services businesses potentially changed hands in the last year, or to be more precise 516 in the six-month period to September 30, 2010 and a further 563 in the six-month period to March 31, 2010
In his Mansion House speech George Osborne, the Chancellor of the Exchequer, said he would abolish the Financial Services Authority and give most of its power to the Bank of England, undoing the regulatory system set up by Gordon Brown when the Labour party came to power in 1997
