John Redwood I have found there are are least 87 examples of countries leaving currency unions and establishing their own money since 1945. In most cases establishing an independent currency allowed the country concerned to set more sensible interest rates and exchange rate to help them grow. In every case it gave them more independence,  [ Read More ]

Gordon Lee Before the release of the inflation report by the Bank of England yesterday, economists were predicting a fall in the rate of inflation from 5.2% to 5.1%. Instead, inflation fell to 5.0% – perhaps a nice little surprise in this difficult time. Many would still say that 5.0% is still too high, and  [ Read More ]

John Redwood The Bank of England and some commentators seem to think the higher rate of inflation we now have was a necessary side effect of action to boost the growth rate. They do not apologise for almost two years of inflation above the 2% target, or for the very high level of 5.2%/5.6% (CPI/RPI)  [ Read More ]

John Redwood Mr Darling’s book is an important contribution to the UK debate. It confirms what was so strongly denied at the time – many in the Labour party thought Mr Brown was a disastrous Prime Minister. He argues that Mr Brown did operate through a small cabal, was extremely political in everything he did,  [ Read More ]