Waiting in the wings
By admin on Mar 19, 2009 | In Elections
Link: http://www.guardian.co.uk/politics/2009/mar/19/can-labour-win-young-candidates
At Rachel Reeves's first job after university, her boss dropped on to her desk at the Bank of England a textbook on something called quantitative easing in Japan. Interest rates had reached zero and the Japanese government had resorted to printing money to end a 10-year recession. There was puzzlement at the Old Lady of Threadneedle Street.
Now, nine years later, Reeves is the Labour candidate for Leeds West, and while most cabinet ministers are using the ride home at night for cramming A Beginner's Guide to QE, for Reeves it's old news - QE2.
Guardian Politics - 19 March 2009
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