View more on these topics

Lib Dems propose more independence for Bank of England

The Liberal Democrats are proposing plans to increase the independence of the Bank of England by changing the way the Monetary Policy Committee members are appointed.

The Lib Dems say the independence of the Bank is being compromised by the Chancellor&#39s power to appoint MPC members, who are directly responsible for the setting of interest rates.

They propose more transparency in the selection of MPC members with formal hearings by the Treasury Select Committee, and an increase in the term of members to six years from a maximum of five years which would become non-renewable.

Liberal Democrat Shadow Chancellor Matthew Taylor MP says: “The Chancellor refuses to tell us how he appoints MPC members, yet their decisions effect every family and business in Britain.”

Recommended

Independent view

What mortgage-related software do you use to help you advise your clients?A gentleman doing some research on our usage of a well-known software package recently put this question to me. My answer was “none”. This is because we simply do not get involved in advising clients about their mortgages.We always recommend that they seek the […]

Neville James – Secure Capital Growth Fund

Tuesday, 24th October 2000.Type: Oeic.Aim: Growth by investing in Teps and zero dividend shares.Minimum investment: £5,000.Place of registration: Isle of Man.Investment split: Initially 50 per cent in Teps, 50 per cent in zero dividend shares.Isa link: No.Charges: Annual &#45 A shares 1.225 per cent, B shares 0.975 per cent.Redemption charge 0.5 per cent of dealing […]

Credit that&#39s just one minute away

Abbey National is counting on intermediaries embracing the internet and has invested £5m in developing a mortgage-introducer internet service.While not ignoring the direct approach, Abbey is hoping a direct link with intermediaries for mortgage applications will strengthen its position as a major player.The site aims to remove the hassle for intermediaries and consumers applying for […]

MOORE&#39S CODE

It is Monday morning at the offices of National Independent, one of the aggressive new breed of youthful, sales-oriented IFAs. The suits are shiny, the Golf&#39s are freshly waxed and the LIA membership plaques are proudly hung upon the office walls.At this moment, the guys are clustered in the conference room eagerly awaiting the office&#39s […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment