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

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 …

…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>