Last night Vince Cable and former Blair economic adviser Scott were interviewed on Newsnight. Just as the interview was ending Derek said something intriguing. He said that Eddie George had gone to Tony Blair to point out the adverse consequences that might follow if regulation of the banks was taken away from the Bank of England and given to the FSA. When asked by Kirsty Wark what happened then and how did TB react, Scott replied:I would make another suggestion. Surely the person who can really enlighten us is Eddie George himself. What exactly did he warn, and what did Gordon Brown say?Gordon Brown got his way.
I think it is high time we heard the whole story of Bank of England independence. Who would like to tell us. Derek? Tony Blair? Gordon Brown?
I have never met Eddie George. But I believe he was always quite willing to talk to journalists. Perhaps one of them might like to give him a call. How about it Danny?