Independent Bank of England, Essay topic: Significance of the Indpendent Monetary Policy Comitee in the U.K. over the nation's economy

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Independent Bank of England "Since 1997, the new government has been putting in the new framework to deliver the objectives of high and stable levels of employment, with these reforms, I believe that we now have a sound and credible platform for stability for the British economy for the first time in a generation." These were the words of Gordon Brown emphasizing the importance of the independent Bank of England and the macro-economic outcome s that …

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…stm>. Brown, Gordon. "Remit for the. Monetary Polciy Committee of the Bank of Engalnd and the New inflation Target" 2003. 2005. <http://www.bankofengland.co.uk/mpc/chancellorletter031210.pdf>. King, Mervyn, "The Monetary Policy Committee: Fiver Years On"2002.2005 <http://www.bankofengland.co.uk/speeches/speech172.pdf> Ainsley, Jonathan, "An Independent Bank of England"2002.2005 <http://www.bankofengland.co.uk/target2point5/mpframework/independentBankEngland.htm>