Thomas Paterson
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Blog Entries by Thomas Paterson

Is the Bank of England Really Independent?

4 Comments | Posted November 9, 2011 | 07:24 AM (EST)

A couple of months ago, while promoting his new book, former Chancellor of the Exchequer, Alistair Darling, let slip to the BBC that during the 2008 crisis he had become so exasperated with the Governor of the Bank of England, Mervyn King, that he sought advice from the Treasury on...

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The Bank of England's Credibility is Hanging by a Thread

1 Comments | Posted October 18, 2011 | 07:00 PM (EST)

So, CPI inflation in the UK has reached a record high of 5.2% since CPI data began, matching the previous record of September 2008. This is now the 22nd month in a row that the Bank of England has missed its target - and not just by a little amount.

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