Between the Lines: End-of-Term Report Card Is Not Overly Flattering for Chancellor Brown
The Scotsman › September 13, 2006
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Summary
THE time may have come to start writing those political obituaries of Tony Blair but the same also holds true for the Chancellor's soon-to-end sojourn at the Treasury. Let's mark his report card.
INFLATION The Chancellor gets a big tick for handing control of interest rates to the Bank of England but we're nearly ten years on and inflation is starting to rise. Yesterday's figures from the Office of National Statistics indicate that consumer prices rose by an annualised 2.5 per cent last month, staying well above the Chancellor's 2 per cent target for a fourth month.See the full content of this document
Extract
Between the Lines: End-of-Term Report Card Is Not Overly Flattering for Chancellor Brown
Brown must get good marks on this item but he's been resting on his laurels of late by (1) being slow to fill vacancies on the Bank's monetary policy committee and (2) by his muddled decision in 2003 to change the way inflation is measured. Marks Eight out of ten.
EMPLO...See the full content of this document
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