| Abstrakt: |
AS CHANCELLOR, Gordon Brown's most momentous policy move was to hand independence to the Bank of England in 1997. Yet that very same Gordon Brown, grappling for support in his role as Prime Minister, is clearly not averse to grabbing power back if he wants it. In astonishing comments to the BBC, Brown says 'because we've got low inflation, we can cut interest rates'. That might sound pretty obvious to the man on the street, but for the government to be seen to be opining in this way on rates is dangerous in the extreme. [ABSTRACT FROM PUBLISHER] |
