Lord Lawson: forward guidance "useless"

Lord Lawson: forward guidance "useless"

Markets are not taking the Bank of England’s (BoE) forward guidance seriously because it is “useless”, says former UK Chancellor Nigel Lawson.

Economic Analysis

17 January 2014

Former UK Chancellor Lord Nigel Lawson comments on Bank of England's forward guidance

Lord Lawson said he believed Mark Carney, Governor of the Bank of England, introduced forward guidance because he was anxious to distinguish himself from the previous regime: “It turns out the real way he can distinguish himself is luck. He is a lucky man and his timing is impeccable.”

Speaking before attending an RBS Insight event for clients, Lord Lawson also said problems in the eurozone were “insoluble”, warned against writing off the emerging markets boom and described European regulation as “appalling”.

Read the full article about the former Chancellor’s views at RBS Insight:

Lord Lawson: forward guidance "useless"

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

Set Tab for lightbox