Home > Politics > Bank of England forecast error

Bank of England forecast error

Or, the guv’nor at least.  The Guardian on Mervyn King circa early 2010 on the Tories circa 2015:

“I saw the governor of the Bank of England [Mervyn King] last week when I was in London and he told me whoever wins this election will be out of power for a whole generation because of how tough the fiscal austerity will have to be,” Hale said in an interview on Australian TV reported by Reuters.

A little indifferent to the headline result here, but sad to see so many true liberal voices leaving Parliament.  You’ll be missed, Vince.

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Categories: Politics
  1. May 8, 2015 at 14:14

    Brit, long sabbatical! Welcome back. Interesting that PK pitched hard for labor!
    http://www.theguardian.com/business/ng-interactive/2015/apr/29/the-austerity-delusion?wpmm=1&wpisrc=nl_wonk

    • May 8, 2015 at 15:08

      A lot of that is the usual Keynesian revisionism, which is annoying but unsurprising. PK’s post on inflation & UK was more interesting.

  2. May 10, 2015 at 12:35

    People have short memories. There hasn’t been much austerity for current and would-be Conservative voters, and none at all recently. Those who have suffered the most from austerity are the young, who don’t vote much, and the poor, who don’t vote Conservative.

    The Tories won this election two years ago when Osborne realised he had to engineer a housing market recovery. They had some help from an oil shock too – sheer luck, but they claimed it as good management, of course.

    • jamesxinxlondon
      May 13, 2015 at 22:16

      Not sure if you look at economic stats but record numbers in work and unemployment slumping below 6% might have something to do with it too. Or is work a curse?

      The Tories also “won it” when the unions selected Ed Miliband as Labour leader. And when Ed Balls agreed to let George Osborne nominate Mark Carney as the new Governor of the BoE.

    • May 14, 2015 at 08:55

      I would say the behaviour of commodity prices since 2010 is not entirely a “good luck” story. :)

  3. SK
    May 13, 2015 at 15:18

    Sadly the youth, tenants dont vote.
    If they knew what was in plan for them , they should have.

    So HTB to infinity here we go…

  1. May 18, 2015 at 17:21

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