Monday, July 9, 2007
Darling’s Conflicts of Interest
In 1994 Mr Darling highlighted a conflict of interest which would always occur as a result of granting the BoE independence. The then Labour Opposition opposed the motion, raised by the Tories (Nicholas Budgen MP) to grant the BoE independence. In the light of increasing interest rates upon an indebted nation, is the Labour Government starting to loose its love for an independent BoE?