ref date:1 Jan 2000 (ECON)
Bank of England hurting Scots economy
In order to 'cool down' the booming economy and crazy house price trend in South East England, that
is now following the same boom-bust pattern under labour as it did under thatcher, interest rates
and monetary policy are being tailored to SUIT SE England - at the expense of the Scots
and Northern English.
An SNP spokesman said "It does not take into account the needs of the north of
England or Scotland, as evidenced by the fact that the
membership of the Bank of England's Monetary Policy
Committee is overwhelmingly based in the south-east of
England."
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