Bank of England drafts first 'Dear Gordon' note

This recent article from Bloomberg presents a fictional letter to UK chancellor Gordon Brown written by Mervyn King in the future explaining why the Bank of England exceeded its inflation target by more than 1 percent.

"Frankly, it's your own fault," the letter tactfully suggests the Bank of England governor may say.

"If you'd let ME pick all of the economists for the Monetary Policy Committee, the external members wouldn't have been able to gang up on us in 2005 and get their way with that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: