29 Reid, All-Change, pp 228–9; 13A231/2, 22 Oct 1984; Fay, pp 158–61; 13A231/2, 17 Dec 1984; Lawson, pp 405–6; Spectator, 19 Jan 1985.
30 FT, 21 June 1985; 13A231/3, 22 July 1985, 9 Sept 1985.
31 13A231/4, 23 Jan 1986; Fay, p 172; OHC, Peter Cooke, 18 Feb 1997.
32 BEQB, Dec 1984, pp 475, 478; Philip Stephens, Politics and the Pound (1996), p 32; Lawson, p 486; 13A231/3, 6 Feb 1985.
33 Lawon, pp 488–9; 13A224/3, 12 March 1985; 13A231/3, 19 July 1985; Moore (2), p 418; BEQB, Dec 1985, pp 534–6; Lawson, pp 494–7; 13A231/3, 23 Oct 1985; Lawson, pp 497–500.
34 Lawson, pp 649–50.
35 William Keegan, Mr Lawson’s Gamble (1989), p 155; Fay, pp 184–5; ‘Sir George Blunden’, Daily Telegraph, 28 March 2012; Spectator, 28 Sept 1985.
36 Reid, All-Change, p 65; OL, Dec 1986, pp 144–6 (Ian Plenderleith); David Wainwright, Government Broker (East Molesey, 1990), p 114; 13A231/4, 28 Jan 1986, 30 May 1986; 15A91/7, 5 June 1986.
37 13A231/4, 28 Aug 1986; OL, Dec 1986, p 148; BEQB, Dec 1986, p 509; 15A91/8, c 22 Oct 1986; 158A91/7, 1 July 1986.
38 13A231/4, 7 Nov 1986; OHC, Ian Plenderleith, 26 Jan 2011; BEQB, Feb 1989, pp 49–57.
39 Roger Cowe, ‘Sir George Blunden’, Guardian, 15 March 2012; Independent, 11 Feb 1987; Richard Roberts, The City (2004), p 260; 13A231/5, 26 Feb 1987; 13A224/5, 25 Sept 1987, 2 Oct 1987; ‘Sir George Blunden’, Daily Telegraph, 28 March 2012; 13A231/7, 14 Feb 1989; 13A231/8, 24 July 1989, 2 Aug 1989.
40 BEQB, Nov 1987, p 526; 13A231/9, 12 Oct 1989, 16 Oct 1989.
41 13A231/5, 29–30 July 1987, 28 Aug 1987, 18 Sept 1987; BEQB, Nov 1987, p 526.
42 Lawson, p 746; Spectator, 7 Nov 1987; Lawson, p 750; Robert Pringle, ‘Central Bank Co-operation since 1970’, in Roberts and Kynaston, p 148; CB, Winter 1992/3, p 56 (Robert Pringle).
43 John Nott, Here Today, Gone Tomorrow (2002), p 336; Lawson, pp 757–68; 13A231/5, 27 Oct 1987; Lawson, pp 769–75.
44 This paragraph is largely derived from: Solomon, pp 413–35; John D. Turner, Banking in Crisis (Cambridge, 2014), pp 195–7.
45 13A231/5, 28 July 1987, 18 June 1987.
46 13A231/5, 6 May 1987; Lawson, p 639; CB, Winter 1992/3, p 56 (Robert Pringle); David Cobham, ‘The Lawson Boom’, Financial History Review, April 1997, pp 86, 77; Lawson, pp 840–1.
47 CB, Spring 1996, p 111; Stephens, pp 77–84; OHC, Michael Foot, 10 Jan 2011; Stephens, pp 91–3; 13A231/7, 26 May 1989; BEQB, Aug 1989, pp 373–4.
48 13A231/6, 22 July 1988; OHC, Lord Kingsdown, 29 June 2011; 13A231/6, 2 Nov 1988, 7 Dec 1988, 12 Dec 1988; Margaret Thatcher, The Downing Street Years (1993), p 708; 13A231/7, 15 Feb 1989; Thatcher, p 708; 13A231/7, 26 May 1989.
49 FT, 29 Jan 1988; Spectator, 27 June 1987; Lawson, pp 789–91, 1059–60, 868–9; Thatcher, p 706; Stephens, pp 135–6; Lawson, p 1063; Euroweek, 3 Nov 1989; Michael King, ‘New Lady of Threadneedle Street’, CB, 2000/1 (4), p 83; Times, 2 Nov 1989.
CHAPTER 18: WELCOME AND LONG OVERDUE
1 Steven Solomon, The Confidence Game (New York, 1995), pp 501–2; Spectator, 31 Oct 1992 (Stephen Fay); CB, Autumn 1990, pp 77, 85; Philip Stephens, Politics and the Pound (1996), p 169; 13A231/10, 4 Feb 1990; John Major, The Autobiography (1999), p 153; Robert Elgie and Helen Thompson, The Politics of Central Banks (1998), p 75.
2 13A231/10, 5 Feb 1990, 22 Feb 1990; 13A231/11, 19 April 1990; 13A231/12, 6 July 1990; CB, Summer 1990, p 11; Elgie and Thompson, p 75; 13A231/17, 27 March 1992.
3 OL, March 1990, opp p 1; 13A231/13, 6 Sept 1990; 13A231/19, 18 Aug 1992; Norman Lamont, In Office (1999), pp 97–8.
4 Roger Lomax, ‘The Bank of England and UK Business, 1930–2003’, p 97; BEQB, Nov 1990, p 512; Lomax, p 100; BEQB, Feb 1993, p 114.
5 Lomax, pp 105–16; 1A231/10, 16 Feb 1990.
6 ODNB, Forrest Capie, ‘Eddie George, Baron George’; BEQB, Feb 1994, pp 64–5; John D. Turner, Banking in Crisis (Cambridge, 2014), p 165. See also: Ian Hay Davison, ‘How to rescue a bank’, Spectator, 19 April 2008; Kushal Balluck, ‘The small bank failures of the early 1990s’, BEQB, 2016 Q1, pp 41–51.
7 Times, 18 Dec 1990; Investors Chronicle, 21 Dec 1990; 13A231/14, 10 Jan 1991, 23 Jan 1991, 4 Feb 1991, 8 Feb 1991, 13 Feb 1991; 13A231/16, 27 Nov 1991; Richard Roberts and David Kynaston, The Lion Wakes (2015), p 188; 13A231/17, 2 Jan 1992, 5 March 1992; Roberts and Kynaston, Lion, pp 190–1, 200.
8 G3/375, 5 Dec 1979; Daily Telegraph, 3 March 1993; 13A231/15, 8 July 1991; 13A231/7, 26 May 1989.
9 13A231/15, 8 July 1991, 4 July 1991; Spectator, 27 July 1991; 13A231/15, 19 July 1991.
10 OL, Autumn 1991, p 106; Treasury and Civil Service Committee, Banking Supervision and BCCI (1992), qq 48, 50, 113, 120–1, 125, 253, 292, paras 29, 32; CB, Autumn 1992, p 3; 13A231/19, 25 Sept 1992, 14 Oct 1992; Sunday Times, 25 Oct 1992; Times, 23 Oct 1992; Daily Telegraph, 2 Jan 2004; CB, 2005/6 (2), p 15; 13A231/19, 19 Oct 1992; 13A231/15, 8 July 1991.
11 Major, p 162; C. A. E. Goodhart, ‘The Bank of England 1970–2000’, in Ranald Michie and Philip Williamson (eds), The British Government and the City of London in the Twentieth Century (Cambridge, 2004), p 355; Stephens, pp 152–3; BEQB, Nov 1990, p 486.
12 BEQB, Feb 1997, pp 99–100, 2010 Q4, p 260; 13A231/18, 7 Aug 1992, 24 Aug 1992, 27 Aug 1992; Major, pp 326, 329; Daily Telegraph, 27 July 1994 (Neil Collins).
13 CB, 2004/5 (4), pp 7–8; Lamont, p 244; OHC, Ian Plenderleith, 26 Jan 2011; Black Wednesday, BBC 1, 16 Sept 1997; OHC, Michael Foot, 10 Jan 2011; Black Wednesday, BBC 1, 16 Sept 1997; Lamont, p 255.
14 13A231/19, 16 Sept 1992; Lamont, p 291; Guardian, 14 Sept 2012.
15 Lamont, pp 247–8, 250–2; 13A231/19, 16 Sept 1992 (Butler note of 24 Sept 1992); Stephens, pp 251–2.
16 13A231/19, 17 Sept 1992.
17 Spectator, 30 Oct 1992; Giles Radice, Diaries, 1980–2001 (2004), p 285; 13A231/19, 17 Sept 1992; 16A118/7, 17 Sept 1992; 13A231/19, 17 Sept 1992; 16A118/7, 24 Sept 1992.
18 Dow, p 247; OL, March 1997, p 27; 13A231/18, 5 June 1992.
19 OHC, Lord (Terry) Burns, 22 Nov 2011; 13A231/19, 6 Oct 1992; Stephens, p 152; Elgie and Thompson, p 77; 13A231/19, 19–20 Oct 1992; 10A143/1, 27 Oct 1992; Elgie and Thompson, p 77; Times, 30 Oct 1992.
20 BEQB, Nov 1992, pp 441–8; 10A143/1, 10 Dec 1992; Evening Standard, 14 Feb 2013 (‘City Spy’).
21 FT, 30 Oct 1992; 13A231/19, 24 Dec 1992; Lamont, pp 322–5; Major, p 675; Michael King, ‘New Lady of Threadneedle Street’, CB, 2000/1 (4), p 85; Elgie and Thompson, pp 79–80; 10A143/2, 3 Feb 1993.
22 Lamont, pp 321–2; Sunday Times, 25 Oct 1992; Spectator, 30 Jan 1993; Banking World, March 1993, p 11; CB, Winter 1992/3, pp 7, 68; OL, Spring 1993, p 24.
23 13A231/20, 10 March 1993; 13A183/5, 25 May 1993; 13A231/20, 3 June 1993; Elgie and Thompson, p 80; 13A231/20, 17 June 1993.
24 CB, Summer 1993, p 6; eulogy (Paul Tucker) at memorial service, 6 Feb 2014; ‘Lord Kingsdown’, Times, 26 Nov 2013.
25 ODNB, Capie, ‘Eddie George’.
26 Securities & Investment Review, Sept 1993, p 14; 13A183/5, 26 July 1993, 1 Aug 1993, 29 July 1993, 25 Oct 1993; Treasury and Civil Service Committee, The Role of the Bank of England: Volume II: Minutes of Evidence and Appendices (1993), qq 114, 158, 503, 511, 381, 198, 200, 221, 242–3, 295, Volume I: Report (1993), pp vi, xx–xxix.
27 CB, Autumn 1993, p 7; Elgie and Thompson, p 81; CB, Summer 1993, p 6; King, ‘New Lady’, pp 86–7; Centre for Economic Policy Research, Independent and Accountable (1993), pp 73–4; House Magazine, 7 Feb 1994.
28 13A231/20, 9 Nov 1993; New Financial Review, April 1995, p 3; 13A231/21, 11 Feb 1994; Elgie and Thompson, pp 84–6; 13A231/20, 8 Sept 1993; 10A143/6, 14 March 1994; CB, 2000/1 (3), p 23; FT, 14 April 1994.
29 Forrest Capie et al, The Future of Central Banking (Cambridge, 1994), pp 360–1, 300, 304; Economist, 11 June 1994; OL, Summer/Autumn 1994, pp 66–7; FT, 27 July 1994; Daily Telegraph, 27 July 1994.
30 ADM10/1, fo 96, 15 July 1965; OL, Dec 1988, pp 174–5, 178–9; 13A231/6, 5 Aug 1988, 2
5 Aug 1988; OL, Dec 1988, pp 176–7; Country Life, 15 June 1989.
31 OL, Dec 1990, pp 170–1 (Caroline Wright); FT, 2 Oct 1990; Peter Kirwin (ed), A Tribute to the Bank of England (1994), pp 98–103; OL, June 1996, p 47 (Chris Bailey).
32 Byatt, p 203; Fay, p 43; OL, Summer 1991, p 58 (Shane Sullivan); 13A231/5, 1 Dec 1987; Byatt, pp 219–28; Wikipedia, ‘Loughton incinerator thefts’.
33 OL, Spring 1993, p 13, Spring 1992, pp 20–2.
34 Annual Report 1979, p 27; Annual Report 1994, p 22; 13A231/25, 24 May 1996; 13A231/4, 14 May 1986; 13A231/7, 22 June 1989; 7A148/12, 31 Jan 1996; OL, Dec 2004, p 130; 4A18/12, 6 May 1997.
35 13A231/1, 19 Sept 1983; OL, Dec 1984, p 192 (Mark Stephenson), Dec 1985, p 145 (David Pollard), March 1986, p 9 (Michael Pickering).
36 13A231/20, 4–5 Aug 1993, 7 Oct 1993, 8 Sept 1993.
37 Elizabeth Hennessy, ‘The Governors, Directors and Management of the Bank of England’, in Roberts and Kynaston, pp 211–13; Elizabeth Hennessy, ‘The Georgian era at the Bank of England’, CB, 2002/3 (4), pp 38–9; 13A231/18, 21 July 1992; CB, Spring 1994, pp 30–1; FT, 27 July 1994.
38 CB, Spring 1994, p 31; 13A231/21, 29 July 1994, 7 Sept 1994; 13A231/23, 25 June 1996; OL, March 2002, p 11 (Ruth Kelly).
39 Bank Fortnight, 17 March 1994; 4A69/110, 17 March 1995; 13A231/22, 12 April 1995, 30 June 1995; 13A231/23, 12 Feb 1996; 13A231/25, 24 May 1996; 13A231/24, 18 Sept 1996.
40 ARM344957–8; 13A231/22, 7 Nov 1995; OL, March 1996, pp 7–9 (Howard Davies); 13A231/26, 24 Feb 1997.
41 BEQB, Nov 1992, p 459; 13A231/20, 8 Sept 1993, 6 Dec 1993; BEQB, Aug 1994, p 280.
42 Treasury Committee, The Role of the Bank of England: Volume I, pp xxv–xxvi; BEQB, Feb 1994, pp 60–6; Treasury Committee, The Role of the Bank of England: Volume I, p xxviii; Economist, 7 May 1994; FT, 27 July 1994 (John Gapper).
43 The two key accounts are: Stephen Fay, The Collapse of Barings (1996); John Gapper and Nicholas Denton, All That Glitters (1996).
44 4A69/109, 24–25 Feb 1995; 4A69/110, 26 Feb 1995.
45 Times, 28 Feb 1995, 1 March 1995; FT, 1 March 1995; Independent, 4 March 1995; Sunday Telegraph, 5 March 1995.
46 13A231/22, 1 March 1995; 4A69/110, 16 March 1995.
47 Sunday Mirror, 19 March 1995; CB, Spring 1995, p 21; FT, 22 March 1995; OL, Oct 1995, pp 114–16.
48 Fay, Collapse, pp 245–6; CB, Summer 1995, pp 16–17; Fay, Collapse, p 246; Treasury and Civil Service Committee, Board of Banking Supervision: The Report on the Collapse of Barings Bank (1995), qq 96, 121–5; 4A69/114, 25 July 1995; 13A231/22, 8 Sept 1995; Clare Pearson, ‘Trying times on Threadneedle Street’, Institutional Investor, Sept 1995, p 102.
49 Treasury Select Committee, Barings Banks and International Regulation (1996), vol I, pp xiii–xv; BEQB, Nov 1996, p 462; Treasury Committee, Barings, vol II, qq 1291–412; BEQB, Feb 1997, pp 111–12; Treasury Committee, Barings, vol I, pp xxxv–xxxvi.
50 BEQB, Feb 1996, p 92; Philip Augar, The Death of Gentlemanly Capitalism (2000), pp 312, 321–2, 325; 13A231/22, 13 April 1995; CB, Spring 1997, p 15; Ian Plenderleith, ‘Developments in the Monetary Field at the Bank of England’, in World Gold Council, Central Banking and the World’s Financial System (1997), p 14; 13A231/25, 16 Dec 1996; Independent, 26 Feb 1997; FT, 23 Dec 1998; Times, 17 Sept 1996; Plenderleith, ‘Developments’, p 12.
51 BEQB, Nov 1995, p 393; OL, March 1997, p 26 (David Smith); 13A231/21, 10 Nov 1994; 13A231/25, 31 Oct 1996; BEQB, Feb 1997, pp 100–1.
52 Conaghan, p 15; 13A231/22, 4 May 1995; Elgie and Thompson, pp 87–9; BEQB, Nov 1995, p 389; International Economy, Sept/Oct 1995, p 12 (Anatole Kaletsky); Elgie and Thompson, p 90.
53 4A69/109, 7 Feb 1995; Alastair Campbell and Bill Hagerty (eds), The Alastair Campbell Diaries, Volume 1 (2010), pp 152, 158; 4A69/112, 11 May 1995; Campbell (1), p 200; 4A69/112, 15 May 1995; William Keegan, The Prudence of Mr Gordon Brown (Chichester, 2003), pp 145, 161–4.
54 13A231/25, 26 Nov 1996; 8A388/36, 24 Jan 1997; 13A231/26, 5–6 Feb 1997; Elgie and Thompson, p 92; 13A231/26, 7 March 1997.
55 CB, Spring 1995, p 43; 4A69/112, 15 May 1995; 13A231/25, 26 Nov 1996; 13A231/26, 6 Feb 1997.
56 Keegan, p 157; Campbell (1), p 626; Elgie and Thompson, p 92; 4A18/11, 23 April 1997; Ed Balls, Speaking Out (2016), pp 138–9.
57 Keegan, p 182; Andrew Rawnsley, Servants of the People (2000), pp 31–3; BEQB, Aug 1997, pp 244–5; 16A129/1, 6 May 1997; Hugh Pym and Nick Kochan, Gordon Brown (1998), pp 72–3.
58 Keegan, p 153; Wilf Stevenson (ed), Gordon Brown, Speeches 1997–2006 (2006), pp 9, 12; 16A129/1, 6 May 1997; Alastair Campbell and Bill Hagerty (eds), The Alastair Campbell Diaries, Volume 2 (2011), p 10; Independent, 7 May 1997; Daily Telegraph, 7 May 1997; Guardian, 7 May 1997; Tom Bower, Gordon Brown (2007 edn), pp 208–9; Rawnsley, p 37; Economist, 10 May 1997.
59 13A231/27, 12 May 1997, 9 May 1997; 8A388/37, 16 May 1997; 13A231/27, 16 May 1997.
60 16A129/1, 6 May 1997; Pym and Kochan, pp 73–4; 16A129/1, 20–21 May 1997.
61 16A129/1, 20 May 1997; BEQB, Aug 1997, p 246; Times, 21 May 1997; Sunday Times, 25 May 1997; Economist, 24 May 1997.
62 16A129/1, 27 May 1997; Keegan, pp 187–8; 7A148/12, 29 July 1997; BEQB, May 1998, pp 97–9.
63 CB, 2003/4 (1), p 8; 7A148/12, 29 May 1997; BEQB, May 1998, p 93; Brown, Speeches, p 20.
POSTSCRIPT: YOU JUST DON’T KNOW WHEN
(Note: post-1997 articles ax2019;s senior figures are available on the Bank’s website.)
1 Evening Standard, 27 Nov 2014 (Anthony Hilton); Times, 15 March 2012.
2 Richard Roberts and David Kynaston, City State (2001), p 130; BEQB, Summer 2001, pp 164–8, Autumn 2001, p 351; CB, 2001/2 (4), pp 9–10; Institutional Investor, Feb 2003, p 26.
3 BEQB, Winter 2003, p 477; House of Commons Treasury Committee, The Monetary Policy Committee of the Bank of England: Appointment Hearing, Volume II (2005), q 74; BEQB, 2007 (1), p 110 (Lomax), 2007 (2), p 273 (King); House of Commons Treasury Committee, The Monetary Policy Committee of the Bank of England: ten years on (Sept 2007), paras 7, 14.
4 Treasury Committee, Monetary Policy Committee: ten years on, paras 18, 22; Kate Barker, ‘Monetary Policy – From Stability to Financial Crisis and Back?’, March 2010 speech, p 4; Guardian, 25 May 2010; FT, 3 May 2012; Guardian, 30 Dec 2014; ODNB, Forrest Capie, ‘Eddie George, Baron George’; Sir Andrew Large, ‘Monetary Policy: Significant Issues of Today’, December 2005 speech, p 7; Mervyn King, The End of Alchemy (2016), p 330; Institutional Investor, Feb 2003, pp 30, 32.
5 Howard Davies and David Green, Banking on the Future (Princeton, 2010), p 120; Robert Peston, How Do We Fix This Mess? (2012), pp 192–3; Times, 23 Oct 2008 (Jamie Stevenson).
6 Sir Andrew Large, ‘Puzzles in Today’s Economy’, March 2004 speech, p 13, ‘Monetary Policy’, Dec 2005 speech, p 7; Inflation Report, May 2006, p 7; James Barty, Reform of the Bank of England (Policy Exchange, 2012), p 13; FT, 27 Sept 2006; Standpoint, June 2012, p 24 (Tim Congdon); CB, 2006/7 (1), pp 59, 61 (John Nugée); BEQB, 2007 (1), pp 122–30 (Paul Tucker).
7 Independent, 12 Jan 2007; BEQB, 2007 (2), pp 280–1 (Mervyn King); Inflation Report Press Conference, 16 May 2007, pp 9–10, 8 Aug 2007, pp 6–7.
8 Observer, 6 May 2012 (Will Hutton); Ian Fraser, Shredded (Edinburgh, 2014), p 492; Sir Martin Jacomb, Re-empower the Bank of England (Centre for Policy Studies, June 2009), pp 2–5; Ed Balls, Speaking Out (2016), pp 296–7.
9 Alex Brummer, The Crunch (2008), p 217; Barty, p 36; House of Commons Treasury Committee, Financial Regulation (Feb 2011), q 696; Daily Telegraph, 4 May 2012; Ivan Fallon, Black Horse Ride (2015), pp 164–5.
10 House of Commons Treasury Committee, Re-appointment of Mervyn King as Governor of the Bank of England (June 2008), qq 33–4, 51, 113; CB, 2006/7 (1), pp 1–2; Times, 15 March 2012; Gillian Tett, The Silo Effect (2015), pp 122–3; CB, 2010/11 (1), pp 61–2.
11 Matthew Hancock and Nadhim Zahawi, Masters of Nothing (2011), pp 18–19; New Statesman, 20 July 2009 (Alex Brummer);
CB, 2005/6 (3), pp 24–5 (Sir Andew Large); BEQB, 2006 (3), pp 339–40 (Sir John Gieve), 2007 (1), p 127 (Paul Tucker); Tett, Silo, p 124–5.
12 BEQB, 2007 (3), p 426 (Mervyn King); Barty, p 14; Banker, Sept 2006, pp 66–7; Guardian, 29 June 2013 (Nils Pratley); Gillian Tett, Fool’s Gold (2009), p 183; BEQB, 2007 (2), pp 313–15 (Paul Tucker); Court minutes, 11 July 2007; Inflation Report Press Conference, 8 Aug 2007.
13 Fraser, Shredded, p 492; CB, 2006/7 (4), pp 1–2.
14 Helpful accounts of the 2007–8 crisis include: Brummer, Crunch (2009 edn); Tett, Fool’s Gold; Philip Augar, Chasing Alpha (2009); Howard Davies, The Financial Crisis (2010); Dan Conaghan, The Bank (2012); Hugh Pym, Inside the Banking Crisis (2014); Fraser, Shredded; Fallon, Black Horse Ride.
15 House of Commons Treasury Committee, The Run on the Rock, Volume II (Feb 2008), pp 214, 217; Court minutes, 13 Sept 2007; Treasury Committee, Run, p 217; Court minutes, 13 Sept 2007; Economist, 22 Sept 2007, Conaghan, p 150.
16 Economist, 22 Sept 2007; CB, 2007/8 (3), pp 12–13; Brummer, Crunch (2008), pp 123, 125; Times, 12 March 2012; Economist, 15 June 2013; Guardian, 20 June 2013.
17 Treasury Committee, Run, qq 4–5, 18, 51–2, 54, 111; BEQB, 2007 (4), p 567 (Mervyn King); BBC Radio 4, File on Four, 6 Nov 2007; Treasury Committee, Run, qq 1665, 1696, Re-appointment, qq 55, 116, 65, Banking Reform (Sept 2008), q 169; New Statesman, 4 March 2016.
18 CB, 2007/8 (2), p 1, 2007/8 (3), pp 44–7; Sunday Telegraph, 29 May 2011, 6 May 2012; OHC, Michael Foot, p 31; Treasury Committee, Run, q 114.
19 ‘File’; Treasury Committee, Run, q 1608; Guardian, 13 Dec 2007; Court minutes, 12 Dec 2007; Treasury Committee, Run, qq 1610, 1677; Fraser, Shredded, p 329; FT, 22 April 2008.
20 Conaghan, pp 163–4; Barty, p 23; Guardian, 3 May 2012; Court minutes, 11 June 2008.
21 Treasury Committee, Re-appointment, q 75; BEQB, 2008 (3), p 314 (Mervyn King); Daily Telegraph, 8 July 2008; Barty, p 24; Evening Standard, 5 May 2009; New Statesman, 14 Sept 2009.
22 Court minutes, 10 Sept 2008; CB, 2008/9 (2), pp 18–20; Alistair Darling, Back from the Brink (2011), p 165; Court minutes, 15 Oct 2008.
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