A flawed independence

ARTICLE - Treasury interference could stop the Bank of England mitigating the effects of inflationary shocks, says Christopher Huhne in an article in Thursday's London edition of the Financial Times.

The writer, a member of the European Parliament, is economic spokesman of the European Liberal Democrat and Reformist Group.

In 1997, Britain became the last of the leading industrial countries to make its central bank independent. Five years on, those monetary arrangements are acclaimed both because

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