Duncan’s Economic Blog

Mervyn King: Part Two

Posted in Uncategorized by duncanseconomicblog on June 26, 2009

Two days ago I accussed the Governor of acting like a ‘political hack’.

It seems that a Cabinet Minister feels the same way.

Paul Waugh says:

The very idea of a Cabinet minister slagging the Governor of the Bank of England in such terms is certainly jaw-dropping stuff.

Normally I’d agree. But not when, to use the language of the school ground, he started it.

In other news the Bank have responded to my FOI request as I suspected they would:

We take “meetings” to refer to organised exchanges involving the Bank’s executive, as distinct from social or casual gatherings; and “representatives” to mean the leadership or staff of the conservative party, rather than simply members.

Like senior civil servants, Governors of the Bank have over many years held meetings with the leadership of the opposition parties.

Such meetings are held with the knowledge and approval of the administration of the day. They are necessarily private on both sides, owing to the risk of misunderstanding and misreporting. So although the fact of such meetings is acknowledged, we will neither confirm nor deny whether any particular meeting or series of meetings took place, nor provide dates or records should any be made.

2 Responses

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  1. newmania said, on June 26, 2009 at 3:39 pm

    New Labour issue vague personal smear via deniable source shock…Newmania reels

  2. Mr. Mxyzptlk said, on June 26, 2009 at 8:21 pm

    Does private takes them out of the remit of F.O.I act
    there fear is of UNDERSTANDING and REPORTING

    and so a possible Government in waiting can plot and plan
    with civil servants in fear of losing their positions and hide the facts away from the public.

    A very Tory way of Democratic politics..Nothing changes


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