Charlie Bean questions the justification of the Bank of England's independence as the Treasury indemnifies the BoE for losses incurred from bond operations, which George Osborne described as a cash machine.

The entities involved

• Bank of England →

  central bank of the United Kingdom

  • Central banks, including the ECB, FED, Bank of Japan, and Bank of England, are holding rate meetings and addressing inflation in response to the Iran war.Mon 12:14
  • The Bank of England may realign its monetary policy stance with the European Central Bank and Bank of Japan regarding future rate hikes.Mon 12:14
• Charlie Bean →

  British economist

  Nothing else this week.

• George Osborne →

  British politician (b. 1971)

  • Burnham's new scheme replaces Osborne's, following BoE interest rate warnings, complicating mortgage security.Sat 16:58

Related events

• The Treasury Select Committee is examining the Bank of England's monetary policy independence.Thu 13:53
• UK debt crisis could require IMF bailout, with former Bank of England deputy governor warning of risk.Jul 10