In a new television documentary to be screened next week, Tony Blair claims the credit for the historic decision to make the Bank of England independent, contrary to the received wisdom that it was Gordon Brown’s idea. The truth is that neither had any choice in the matter.
In 1997 the UK was still on the [...]
Posts Tagged ‘Bank of England’
The truth about Bank of England independence.
Posted in Economics & Finance, European Union, Politics, tagged Bank of England, Blair, Brown, EMU, independence, Maastricht, Monetary union on November 11, 2007 | 1 Comment »
How independent is the Bank of England?
Posted in Economics & Finance, Politics, tagged Bank of England, Gordon Brown, government on November 10, 2007 | Leave a Comment »
Gordon Brown is apparently refusing to confirm whether Mervyn King, the governor of the Bank of England, will be re-appointed next year. See Daily Telegraph report
I note that the Bank of England Act 1998, which granted independence to the Bank of England, (ironically one of Brown’s first acts on becoming chancellor in 1997), [...]
