Treasury Advisers Have Concerns Over BOE Inflation Fight

The transcript discusses the independence of the Bank of England and its role as an economic advisory body. It highlights the historical context of political criticism, particularly focusing on the separation of monetary and fiscal responsibilities since 1997. The discussion includes past tensions, such as those in 2007 between Mervyn King and Gordon Brown, and the challenges of government criticism of the Bank of England.

What is the role of the Bank of England as mentioned in the text?

What does the text suggest about the independence of the Bank of England?

How has the relationship between politicians and the Bank of England changed since 1997?

What were the tensions between Mervyn King and Gordon Brown in 2007?

Why is it unusual for politicians to criticize the Bank of England?