View more on these topics

Lib Dems want more BoE independence

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

Lib Dems want 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 […]

Supermarket sweep or an online extravaganza?

The concept of the one-stop shop is the Mecca for 21st Century retailers. The largest retail chains have been moving towards the Holy Grail of providing a “complete service” with increasing speed in recent years.It is already possible to do your banking at the supermarket but would you be happy to trade shares via your […]

We&#39re investing in a summer holiday

We have seen an advertisement in the newspaper about the Holiday Property Bond. We are very interested in the idea and have approached you for advice on it. We part-icularly want to know if it is a timeshare product and also if there are any other similar products that we could consider.The bond you have […]

Natural selection will favour the brave

The imminent arrival of stakeholder pensions next April is forcing many providers to rethink their product ranges.Charles Darwin, the celebrated Victorian naturalist, once said it was not the strongest or smartest animals that survived but the ones that adapted to their changed circumstances the quickest.How right he was, particularly for those animals operating in the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment