David Blanchflower gives a tirade of abuse about the Governor of the Bank of England in the New Statesman. “A tyrant looks to his own advantage rather than that of his subjects and uses extreme and cruel tactics – which pretty much sums up how I feel Mervyn King has run the Bank of England in his role as governor since 2003″, and much more.
Mr Blanchflower, a former member of the Monetary Policy Committee is not a great fan of Paul Tucker, the favourite to replace Sir Mervyn: “He seems to have little leadership skills and, in my view, is intellectually not up to the task. In the days when he and I were on the MPC, I kept a “Tucker brown-nose score”, whereby I awarded him a point if he said any of the following: “I couldn’t agree with you more, Governor”; “Absolutely right, Governor”; “I agree with you completely Governor” or some such sycophantic nonsense. At some meetings, he would get into double figures.”