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Interest Rate Setting

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Is there any constitutional reason for a new Conservative government not being able to move the seting of interest rates back under the remit of The Chancellor of the Exchequer?

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constitutional - no. but i think unlikely.

mostly its seen as a good idea.

however I'm sure another party would tweak it a bit.. like

mandate a decent supply of five pound notes (like from atms)

mandate better control of counterfeit coins

allow bank to intervene on fx markets (more fx swaps)

allow/encourage back to use money supply as well as interest rates to control inflation.

and finally....

fix the inflation calculation so that outliers (the high ones only ffs) are not exluded from the official figures

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constitutional - no. but i think unlikely.

mostly its seen as a good idea.

however I'm sure another party would tweak it a bit.. like

mandate a decent supply of five pound notes (like from atms)

mandate better control of counterfeit coins

allow bank to intervene on fx markets (more fx swaps)

allow/encourage back to use money supply as well as interest rates to control inflation.

and finally....

fix the inflation calculation so that outliers (the high ones only ffs) are not exluded from the official figures

They'll just add house prices (not mortgage payments) to cpi/rpi.

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