The Chancellor has begun a speech about banking reforms, telling traders at JP Morgan in Bournemouth: "2013 is the year we reset the banking system."
George Osborne said he would increase the powers of the Bank of England, giving it "supercop" status.
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A year ago the International Court of Justice ruled that Japan's decades-old whale hunt in the Antarctic should stop.
Shadow chancellor John McDonnell has backed a free vote for MPs on the issue.
Savers into the new scheme can expect rates as high as 4 per cent from some banks.