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Type: Journal Articles Authors: Sir Geoffrey Howe ISSN: Print: 0143-5671 Online: 1475-5890
Published in: Fiscal Studies, Vol. 12, No. 4, November 1991
Volume, issue, pages: Vol. 12, No. 4, pp. 92-108
This is a text of a lecture given at the Annual General Meeting of IFS on 20 May 1991. At the time when I selected the title for this talk, now many months ago, I could hardly have expected the circumstances of 1991 to produce quite such a striking match as they have for those of 10 years ago. There are many differences, of course. But in each case the Chancellor was sticking to a predetermined and well-advertised discipline for the fight against inflation: in my case, in 1981, the MTFS, and in Norman Lamont's, the ERM. In each case the Chancellor was subjected to fierce academic criticism on grounds of principle as much as practice. Search |
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