A Long Time In Finance

Bank of England Independence 25 Years On

Listen on

Episode notes

On 6 May 1997, Gordon Brown raised interest rates as chancellor for the last time and then handed the keys to monetary policy to the Bank of England. In the first of a two part series, we reflect on that decision with Paul Tucker, a former deputy governor of the Bank, discussing how it was taken, the institutional upheavals and the fruits of independence.

Presented by Jonathan Ford and Neil Collins.

With Sir Paul Tucker.

Produced and edited by Nick Hilton for Podot.