Friday, Jul 14, 2006

MPC

The Independent: Brown's two MPC newcomers may tilt balance away from rate rise

Gordon Brown finally unveiled the names of the two economists who will fill the long-standing vacancies on the Bank of England's interest rate committee - although they will not bring it back to full strength until October.

Timothy Besley, a professor at the London School of Economics, will join the Monetary Policy Committee in September. Andrew Sentance, chief economist at British Airways, will start in October.

Posted by jason @ 07:48 AM (2783 views)
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6 Comments

1. Waitingfor Hpc said...

last ditch attempt to make sure UK rates do not go up?????
i paid 1.00 a litre for diesel this morning! I had timber prices at work go up 10% in one day and foam up 25%.... with more to come. I will be passing it all on I can do nothing else.......
CPI 2.2%..... yeah right!

Friday, July 14, 2006 08:33AM Report Comment
 

2. Ohhyesitwill said...

I think people who are sceptical about the selection process for the MPC possibely don't realise how complex it is. Each candidate is asked a very difficult question about interest rates which goes something along the lines of...

"Are you a dove?"

People who answer yes to this are automatically included in the pool of possible candidates. Those who consider raising rates are dismissed on the spot, for they obviously have desires to raise rates.

Once again I apologise unreservedly to all on HPC for voting in this Government.

Friday, July 14, 2006 08:54AM Report Comment
 

3. Indiablue19 said...

Well Sentance's contribution is already obvious, no? And Besley had better go along with the gag as well, otherwise, having apparently replaced David Walton's vote, may he rest in peace.

Friday, July 14, 2006 11:50AM Report Comment
 

4. denzil said...

Dubious or what. The chancellor appoints people who have publicly stated they see no need for a rate rise. Maybe he should offer them a peerage too.

Friday, July 14, 2006 01:01PM Report Comment
 

5. Sloth said...

Denzil,

LOL! Labour have a thing about peerages and dodgy loans.

Friday, July 14, 2006 01:49PM Report Comment
 

6. sirgoogle said...

At work we have had 20-50% price increases in charge out rates for some types of programmers since March. Tell me there is not inflation present - and it is starting to affect wages. We will of course be eventually passing these costs onto our customers.

Friday, July 14, 2006 11:00PM Report Comment
 

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