Comments: Shadow MPC votes 9-0 for no change in Bank rate

Congdon has changed his tune vastly. Recently he was saying CPI would hit 5%+ within the next year. Now he says that, despite thinking the impact of the credit crunch will be minimal, inflation is under control?

Posted by Minh at November 4, 2007 02:45 PM

Oh, and staying with Congdon for a moment - it was amusing to see him on Newsnight the other day defending Northern Rock. Not once in the programme was it mentioned that he is in fact a shareholder!! Not sure what is worse - Congdon failing to declare his interest, or the BBC for failing to do their research well enough!!

Posted by Minh at November 4, 2007 06:11 PM

To be fair here, Tim Congdon had an FT piece last Friday where he stated himself that he was a NR shareholder.

Posted by Costas Milas at November 4, 2007 08:24 PM

Hope he loses the lot.

Posted by Kev M at November 7, 2007 06:51 PM
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