As Bank of England fires its Brexit bazooka, former chancellor pops up on Twitter to call for supply side reform
Now that Mark Carney has fired the Bank of England’s Brexit bazooka, it is time for the government and businesses to step forward. The Bank has cut interest rates, restarted its asset purchase programme and is encouraging banks to pass on the base cut to the real economy by providing them with £100bn of new funding. But this will not mean much unless the government, businesses and households take advantage.
At least, that is what some bloke called George Osborne says. The MP for Tatton popped up on Twitter to say that the Bank’s actions “must be matched by permanent supply side reform: lower business taxes, free trade with EU and unambiguous message we’re open to overseas investment”.