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Pastimes : The Hot Button Questions:- Money, Banks, & the Economy

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From: maceng2	6/29/2009 3:33:40 AM
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While the GBP steps between 1.64 and 1.66, the rift between the governor of the BoE and the UK PM grows. Historically, the governor of the BoE would not use the public medium to express his concern over policy to the PM. This is indeed "extraordinary", nor would either party say anything that might upset financial markets, that would be seen to be irresponsible. What is going on is very weird imho. It indicates to me there is a volcano on the brew under all this and it's likely to explosively blow it's top at some point. ========================================================== publicservice.co.uk theherald.co.uk • The Conservatives have said they will change the current tripartite system of financial regulation (introduced by Brown when Chancellor) involving the Bank of England, the Treasury and the Financial Services Authority. Osborne said he wants to give the Bank of England overall responsibility for the role. I have never voted tory, but that looks like sound policy to me. Divided responsibility just leads to screw ups and finger pointing the blame.

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