ok, how about a bunch of old fogies getting together and setting policy so that their wealthy business friends don’t have to endure a recession and selling out the younger generation in order to do this?
“He said he was “very conscious” that stimulating consumer demand could give rise to problems in the future. “My legacy to the MPC, if you like, has been ‘sort that out’,” he said. Under Lord George’s governorship, rates were slashed from 6 per cent in 2001 to 3.5 per cent in 2003, pushing house price inflation above 25 per cent and high street spending growth to its highest since the late-Eighties boom.”
