Comments on: Questions for the Governor of the Bank and for the Chancellor http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/ Conservative Party Member of Parliament for Wokingham Sun, 20 Jul 2008 06:54:47 +0000 http://wordpress.org/?v=2.5.1 By: Patrick http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6390 Patrick Fri, 21 Sep 2007 09:36:05 +0000 http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6390 John, Indeed voting UKIP is a wasted vote. My final comment was a bit tongue in cheek. There's zero chance of someone like me voting for Labour but a real chance that I'll look at the Conservative offering and simply stay at home on election day, wondering when I'll ever get a meaningful choice at the polls. John,

Indeed voting UKIP is a wasted vote. My final comment was a bit tongue in cheek. There’s zero chance of someone like me voting for Labour but a real chance that I’ll look at the Conservative offering and simply stay at home on election day, wondering when I’ll ever get a meaningful choice at the polls.

]]> By: Business » Questions for the Governor of the Bank and for the Chancellor http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6384 Business » Questions for the Governor of the Bank and for the Chancellor Fri, 21 Sep 2007 07:55:47 +0000 http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6384 [...] unknown wrote an interesting post today onHere’s a quick excerptOn September 5th the blog highlilghted the different approach of the ECB/Fed who were supplying liquidity to markets to that of the Bank of England who were not. On September 7th in Benign or malign neglect? [...] unknown wrote an interesting post today onHere’s a quick excerptOn September 5th the blog highlilghted the different approach of the ECB/Fed who were supplying liquidity to markets to that of the Bank of England who were not. On September 7th in Benign or malign neglect?

]]> By: Patrick http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6380 Patrick Fri, 21 Sep 2007 07:07:15 +0000 http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6380 A few days ago I asked what you think Cameron could do to inflict lasting reputational damage on Brown as a result of the banking fiasco. I also expressed my severe doubts that he would be able to lay a glove on Brown and would - as usual - make himself look like a charlatan. God I hate being right sometimes! Cameron's big, huge, massive failing right now is that he is up against a player who has made a virtue of being boring but serious. This requires the establishment of an image with gravitas. What does Cameron do? He puts Swampy and the teenagers in charge of policy papers. He goes stirring it up during a crisis rather than being statesmanlike and then knifing Brown after the fact. To be a credible PM in waiting surely requires a different approach. Remind me again why not to vote for UKIP at the next time of asking. Reply: Voting UKIP rather than Conservative is Gordon Brown's dream result. A few days ago I asked what you think Cameron could do to inflict lasting reputational damage on Brown as a result of the banking fiasco. I also expressed my severe doubts that he would be able to lay a glove on Brown and would - as usual - make himself look like a charlatan.

God I hate being right sometimes!

Cameron’s big, huge, massive failing right now is that he is up against a player who has made a virtue of being boring but serious. This requires the establishment of an image with gravitas. What does Cameron do? He puts Swampy and the teenagers in charge of policy papers. He goes stirring it up during a crisis rather than being statesmanlike and then knifing Brown after the fact. To be a credible PM in waiting surely requires a different approach.

Remind me again why not to vote for UKIP at the next time of asking.

Reply: Voting UKIP rather than Conservative is Gordon Brown’s dream result.

]]> By: Brian Sherwood Jones http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6349 Brian Sherwood Jones Thu, 20 Sep 2007 18:20:47 +0000 http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6349 Why no questions for the FSA? I am not a financier but they seem to be very remiss here; NR was entirely based on borrow short lend long and a recipe for trouble. Mervyn King was not happy with the tri-partite arrangement and the Chancellor needs to be held to account for the BoE/FSA split. Reply: I think the main questions must be for the Chancellor, as the most senior of the three in the tripartite arrangement. It was Gordon Brown who set up this three man pantomime horse, so his successor should have the pleasure of explaining how it is performing. Both the FSA and the Bank can rightly say that they did not individually have all the powers to sort out the problem. That leaves the Chancellor, who finally did take control. What took him so long? Why no questions for the FSA? I am not a financier but they seem to be very remiss here; NR was entirely based on borrow short lend long and a recipe for trouble. Mervyn King was not happy with the tri-partite arrangement and the Chancellor needs to be held to account for the BoE/FSA split.

Reply: I think the main questions must be for the Chancellor, as the most senior of the three in the tripartite arrangement. It was Gordon Brown who set up this three man pantomime horse, so his successor should have the pleasure of explaining how it is performing. Both the FSA and the Bank can rightly say that they did not individually have all the powers to sort out the problem. That leaves the Chancellor, who finally did take control. What took him so long?

]]> By: Steve http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6345 Steve Thu, 20 Sep 2007 15:29:48 +0000 http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6345 The Treasury committee was an object lesson in how not to govern anything. split responsibility into 3 or 4 different groups. allow everyone to say they did their jobs with nobody in charge. the hectoring labour members on the committee were illinformed and ludicrously politicial. add to this the conflicting legislation imposed by, you guessed it, the EU and you see why nobody cares about voting anymore. Nobody will take responsibility, everyone hides behind the EU legislation that "has been imposed from brussels" and we all move on. pathetic. Mervyn king was calm and articulate and should be commended for dealing with a crisis when clearly the government were pulling the strings to suit their own agenda. The Treasury committee was an object lesson in how not to govern anything. split responsibility into 3 or 4 different groups. allow everyone to say they did their jobs with nobody in charge. the hectoring labour members on the committee were illinformed and ludicrously politicial.

add to this the conflicting legislation imposed by, you guessed it, the EU and you see why nobody cares about voting anymore. Nobody will take responsibility, everyone hides behind the EU legislation that “has been imposed from brussels” and we all move on.

pathetic. Mervyn king was calm and articulate and should be commended for dealing with a crisis when clearly the government were pulling the strings to suit their own agenda.

]]> By: John Redwood Calls for Statement after "Black Monday" | Mike Rouse http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6341 John Redwood Calls for Statement after "Black Monday" | Mike Rouse Thu, 20 Sep 2007 12:07:32 +0000 http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chancellor/#comment-6341 [...] Check out the rest at his blog post here: http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chanc... [...] [...] Check out the rest at his blog post here: http://www.johnredwoodsdiary.com/2007/09/20/questions-for-the-governor-of-the-bank-and-for-the-chanc... [...]

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