Lydia Prieg, finance researcher at the New Economics Foundation, said the reforms would not protect the taxpayer from any future banking crisis.

BBC: Osborne confirms banks must ringfence retail banking

Josh Ryan Collins, of the New Economics Foundation, who helped launch the Brixton pound - one of a handful of complementary currencies designed to be spent in local shops within a specific area of the UK - also sounded a note of caution.

BBC: Make foreign currencies legal in UK - Douglas Carswell

Author David Boyle, of the New Economics Foundation, told BBC News that he was not suggesting that all children should be coached to pass entrance exams into "super-selective" schools, but that the need for coaching to pass some of the tests was "a clear barrier" to some families.

BBC: Education & Family