Hints and tips:
...However, under Gordon Brown and Tony Blair, the Treasury’s remit expanded, creating a ministry even more powerful....
...Letter in response to this article: Higher pay awards are what UK economy needs / From Duncan Brown, Principal Associate, Institute of Employment Studies, London TW1, UK...
...Further reading— The unbearable tightness of BoE’ing— How quantitative tightening *really* works...
...And I know it sounds stupid and it is stupid, but people buy the really safe stuff when the brown stuff hits the fan. And so the clear judgment here is that the brown stuff has not hit the fan....
...Gordon Brown in 2010, John Major in 1997 and Alec Douglas-Home in 1964 all held on until the last possible minute....
...Ed Balls, who as a Labour special adviser drew up plans for the monetary policy framework introduced in 1997 by then chancellor Gordon Brown, gave the Lords committee a similar message on Tuesday....
...At present, she is global chief economist at Kroll, a consultancy, and holds fellowships at Brown University and Chatham House, a think-tank....
...And of course Gordon Brown’s move to make the bank independent has been a gift to politicians who can escape the blame....
...So these things can’t be right because normally, it would only be cutting interest rates if the brown stuff had hit the fan....
...The tax perk was abolished by Labour chancellor Gordon Brown in 2000....
...mortgages to homes on flood plains, or a sudden “fire sale” of brown assets....
...Many other forecasters, including the BoE, are more pessimistic....
...Meanwhile, Paul Marshall, chief investment officer of Marshall Wace, accused the BoE of having “lost control of the UK bond market”, adding: “Its timidity is now having an impact on both the gilt market...
...Truss has said the BoE mandate, set down by Labour chancellor Gordon Brown in 1997, is ripe for review. It is not clear exactly what she has in mind....
...The BoE carried out stress tests that predicted up to £225bn of climate-related losses among the UK’s top banks, while the ECB reviewed its banks’ exposure and warned they had “significantly” understated...
...Carney met the Queen several times during his time as BoE governor....
...Economists expect record-low consumer confidence to result in falling spending, a trend registered by the BoE in its agents survey published on Thursday....
...Since it was given operational independence by Labour chancellor Gordon Brown in 1997, the BoE alone decides what policy action it should take to meet its inflation target....
...Truss has said she is not questioning the BoE’s independence, drawn up in 1997 by then Labour chancellor Gordon Brown, but that it should be reviewed....
...She has pledged to review the BoE’s mandate, with allies suggesting that it had been too slow in raising rates and tackling inflation. She has insisted that the BoE should remain independent....
...Top stories today Brown note | A Labour party review of the constitution by former prime minister Gordon Brown is set to recommend banning second jobs for MPs, beefing up the Electoral Commission and extending...
...Brown University’s Professor [Oded] Galor, my adviser, in his book The Journey of Humanity (Penguin Random House, 2022), convincingly argues that the world is evolving towards a high human capital, high...
...“It’s amazing how [BoE] independence has become part of the [UK’s] institutional furniture,” Ed Balls, then Brown’s adviser and architect of the plan, told the FT....
...The government could order the BoE to target 5 per cent nominal gross domestic product growth a year, which would solve the public finances problem on paper....
...Lynton-Brown said stubbornly high inflation would hit foreign demand for UK government debt, which trades at some of the lowest inflation-adjusted yields in the world....
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