Forum | Keeping banks happy by thebooks

Forum index | Previous Thread | Next thread

Keeping banks happy 09:52 - Sep 29 with 489 views

Thought this was interesting from John McDonnell, who, I think we can safely say, is a leftwing MP. Compare and contrast with Truss and Kwarteng's approach to the economy.

For the record, I held constructive meetings with Mark Carney on a regular basis to fully brief the Bank of England on our economic plan & before election I met Tom Scholar Treasury Permanent Secretary to prepare our first budget & commission OBR report. https://t.co/eAVzMrnhbR
— John McDonnell MP (@johnmcdonnellMP) September 29, 2022

So while we don't want to be beholden to the finance and banking sector, it's obviously madness to go ahead and do stuff without thinking of the consequences. Pension funds nearly collapsed yesterday.