independence of the bank of england

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Tory and Labour U-turns on Aid to Developing Countries  

(The image above comes from the International Development Committee) Michael Murray Introduction The UN requires that countriesallocate 0.7% of their Gross National Income (GNI) on Official Development Assistance (ODA) for the purposes of the economic development and welfareof developing countries.  TheInternational Development (Official Development Assistance Target) Act 2015 lays down how the UK will meet this requirement … Continue reading Tory and Labour U-turns on Aid to Developing Countries  

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The Independence of the Bank of England—Editorial

Central Bank Independence Readers will be familiar with the term ‘independence of the central bank’.  Of late, it has been much referred to in the media.  The tone is always that this independence is a good thing.  And Labour proudly remind us that the Bank of England (BoE) was made independent by Gordon Brown in 1998 when he … Continue reading The Independence of the Bank of England—Editorial