Quantitative tightening will thwart any economic plans Rachel Reeves has unless... - Random

RichardJMurphy, 21 days ago

Quantitative tightening will thwart any economic plans Rachel Reeves has unless she challenges it head on https://www.taxresearch.org.uk/Blog/2024/05/08/quantitative-tightening-will-thwart-any-economic-plans-rachel-reeves-has-unless-she-challenges-it-head-on/ Rachel Reeves has a choice. She can try to deliver he economic policy with both hands tied behind her back by the Bank of England, who will do all they can to undermine it, or she can take on the Bank. It's her decision, but there is only one way she can win.

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junesim63, 21 days ago

@RichardJMurphy Not a chance. Reeves is ex Bank of England herself. In the Mais lecture she said:

"So let me begin with the Bank of England. The Bank’s Monetary Policy Committee must continue to have complete independence in the pursuit of its primary objective of price stability. And, just so there is no doubt about this: a Labour government will retain the 2 percent inflation target, while the Financial Policy Committee will continue with its core objective of financial stability"

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