I’m your man for the job, Chancellor
HM Treasury has placed an advert in the Economist looking for a new external member of the Bank of England’s Monetary Policy Committee, the body that sets UK interest rates, to succeed David Blanchflower. I have decided that it is my duty to apply and have therefore sent this letter to Alistair Darling, who will make the decision.
Dear Mr Darling,
I would like to apply for the vacant post of external member of the Bank of England’s Monetary Policy Committee. Admittedly, beyond a grade A at ‘O’ level, I don’t have any formal qualifications in economics, but your advert does not specify these as essential. Instead, you have asked for a letter ‘summarising evidence from your career which best demonstrates your qualifications for the appointment’. So here goes.
Economist or not, I did at least foresee the housing market collapse, which is more than some members of the MPC managed to do.
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