Rebirth of the Financial Overlord

The government is the general term for state agencies and officials. In a class society, it serves the interests of the ruling class. However, thousands of years of history have proved that no matter what kind of government there are various problems.

In the governance of the British government, there are also various problems, the most prominent of which is that officials are unwilling to take responsibility for decision-making mistakes and policy failures.

Because as long as you admit your mistakes and admit that you made a mistake, it is tantamount to admitting that you can't do it. Such a structure generally means stepping down. And what he did, the only choice was to bite the bullet and stick to it.

Therefore, British officials have always paid attention to standing up to the classics, and this tradition has also encouraged the phenomenon that senior government officials shirk responsibility for decision-making and policy failures.

But despite this, there are many cases where British ministers resigned or were dismissed due to major events or accidents in their jurisdiction.

According to an incomplete statistical report, from 1970 to 1990, a total of 33 senior government officials resigned because of this, six of them resigned because they did not want to take collective responsibility; One person was also accused of power peddling - the court found that he used public funds to pay for his mistress's overseas vacation, and eight others were forced to resign after it became clear that they were dealing with unscrupulous businessmen or receiving improper payments.

At most, there were ten people who were forced to resign due to mistakes in policy implementation or serious misjudgments.

As for the examples of being held accountable for errors in policy implementation, there are various examples.

In 1985, Alan Stewart, undersecretary for Scottish affairs, used a pickaxe to hail demonstrators against a road construction project in his constituency. As a result, he not only lost his official hat, but was also fined 200 pounds.

In 1986, the then Minister of Trade and Industry, Brittain, resigned due to the leak of a letter from the Solicitor General in the takeover case of Westland Helicopters.

There are many examples of quitting for personal gain or personal integrity issues.

In 1984, two deputy ministers resigned after it was discovered that they had each received £1,000 for advice to Parliament.

Well.

That's right, a thousand pounds.

That's very little?

No.

You must know that although the United Kingdom has always been a veteran capitalist country, in 1984, the per capita annual GDP was only 8,000 U.S. dollars, and if converted into pounds, this figure was even less than 4,000 U.S. dollars.

Why not get paid £1,000 for just asking a question?

In the past few years, driven by the privatization process, the British economy has grown to a certain extent, but if it grows again, the per capita GDP will only double, and the gap of 10,000 times is about as far as the earth to the moon.

Ten million pounds!

Seeing the finger that Shen Jiannan stretched out slowly, Lamont stood up suddenly, his face was flushed red, his eyes were fixed on Shen Jiannan, and the muscles on his face were constantly twitching, and his throat was twitching. There was a burst of squirming.

Damn devil!

How dare you try to seduce me.

what can I do for you?

There was no more reliable answer than this, Shen Jiannan bared his teeth and made a gesture of please. Lamont hesitated, but finally sat down.

Our investment in the UK has disturbed many people. However, as Mr. Pound Brook analyzed, the depreciation of the pound will have a positive effect on the British economy. The original intention of Capital One and myself was To help change the situation in Britain, but it seems that many people are misinterpreting this intention.

You are such a liar.

Lamont wanted to roll his eyes. After all, he is an old cunning who can get to the level of the first chancellor of the exchequer. He couldn't understand what Shen Jiannan meant.

Obviously, Shen Jiannan needs him to take the initiative to admit his mistakes and resign. If he does so, the outside world's criticism of Capital One will be transferred to the British government.

Not long after, Lamont left.

Under the anti-surveillance equipment from the polar bear, no one knew what he and Shen Jiannan were talking about. However, it can be seen from his expression of smiling and frowning from time to time that his heart is quite complicated.

reason?

Lamont had no choice.

Just like what Shen Jiannan said, even if he continued to spend time with Major, he still couldn't avoid the fate of being fired in the end.

The current Sister Mei really needs a scapegoat. If he, the Chancellor of the Exchequer, does not resign, it will be Major who needs to hand in his resignation letter. If it were him, he would do the same.

Early the next morning, Norman Lamont got up early as usual. After eating his favorite croissant, he got in the car and rushed to the Admiralty Building not far away.

But I don't know if it's because of the illusion, the number of colleagues who used to flatter and greet me when they saw me in the past is much smaller, and even the smile on the face of the guard at the door has become fake.

The feeling that the tea was going to be cold before tea made Lamont feel very bad. He instinctively guessed that something big might happen today.

According to the data from the labor department, the current data is much better than before. There are signs of stabilization in employment, and the number of people claiming unemployment benefits has also declined year-on-year. Obviously, the situation is gradually moving towards a better direction.

The latest data from the Ministry of Industry and Trade shows that the operating rate of enterprises is gradually recovering

.

It is a routine cabinet meeting.

Under the auspices of Prime Minister John Major, ministers from various departments talked about the data changes in the past week in a serious manner.

These are all good signs. In the past half month of the depreciation of the pound, orders from export processing companies are pouring in from all over the world like snowflakes, because the almost discounted pound has made products in many industries in the UK very cheap, and therefore, Many people who lost their jobs were able to return to their jobs.

But this is not a good sign for Norman Lamont.

Every department can come up with a beautiful statistical data, but what he can come up with is only a loss data of the Ministry of Finance and the central bank.

Even, as much as several billion pounds.

And to make matters worse, it turns out that the depreciation of sterling is better for the British economy.

But before that, the exchange rate policy presided over by Norman Lamont has always insisted on staying in the European Community. Although, the real driver of exchange rate policy is Prime Minister John Major.

really.

Following the reports from various departments, John Major changed the subject and raised a very shameless question.

There are voices from the outside world questioning our incompetence in decision-making and causing huge losses. I don't know how everyone thinks how to deal with it.

.

The ministers present were all good people, and no one knew what John Major meant by these words. Now that things are developing for the better, it's time to throw the blame away.

Several people glanced at each other, but no one looked at Norman Lamont who should answer this question the most.

I think that Lord Pemberton is irrational in his response to the behavior of international speculators, and he may not be suitable for the position of governor of a central bank.

I agree with His Excellency Angel's statement that if Pemberton's ability to deal with the crisis was stronger, we might have avoided huge losses.

Lord Lamont, what do you think?

.

I think you are crazy!

Norman Lamont had resentful eyes and was full of depression. He really wanted to spit on Sister John May's face.

He knows that his career may soon be over.

Indeed, as His Excellency Angel said, Pemberton has insufficient behavioral capabilities. In my opinion, he is not suitable to serve as the governor of the central bank.

No one has more say in the role of central bank governor than the chancellor, and since even Lamont agrees, it should come as no surprise.