MPs 'should choose Bank Governor'

Charles Reiss12 April 2012

THE Tories today called for the Commons to be given greater power over the running of Britain's economy - including the right to approve the appointment of the Governor of the Bank of England, the Deputy Governor and the members of the monetary policy committee which sets interest rates.

The proposal came from Shadow Chancellor Michael Howard as he signalled a big re-think in his party's own economic policy. In the first of a series of speeches, Howard began by heaping praise on Gordon Brown for giving independence to the Bank. In the text of a speech being delivered today, the Shadow Chancellor confesses he was wrong to oppose that decision in 1997 and says: 'The change is a change for the better.'

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in