BBC NEWS 24 145 17 Sep 13:39/39 *** ** ** 8/10 * ** ** ******** * ** ***** *** ** * ********* * ****** * * * *** ************ ********** * ********** ************* *** ** ****** * **** * *********** ** ******* *** ********** Eddie George and his Monetary Policy Committee are in no way to blame for our current trade and job problems.
The Chancellor of the Exchequer chose to go down the high interest rate road of countering inflation instead of a more sensible one of directly cutting consumers ability to spend, which would not have increased the value of the pound or raised mortgage rates and unemployment levels.
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