Jan 27 2007
The government stumbles - the Bank of England trips
We are told by the government that their huge economic “success” has come through making the Bank of England independent.
Yet over the last decade the UK has had considerably higher interest rates than Japan, the USA or Euroland, and now has considerably higher inflation.
Over the last 10 years Japanese base rates have hovered around zero, Euroland rates around 2%
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John Redwood has been the Member of Parliament for Wokingham since 1987. First attending Kent College, Canterbury, he graduated from Magdalen College...
