Rebirth of the Financial Overlord

v5 Chapter 157: Interlocking

The government is the general term for state agency organizations and officials. In a class society, it serves the interests of the ruling class as its goal. 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, various problems will also arise. The most prominent one is that officials are not willing to bear responsibility for decision-making errors and policy failures.

Because as long as you admit your mistakes and admit that you have made a mistake, it is equivalent to admitting that you are not good. Such a structure must generally mean stepping down. The only choice is to bite the bullet and stick to it.

Therefore, British officials have always paid attention to "satisfaction". This tradition has also encouraged the phenomenon of senior government officials evading responsibility for decision-making and policy failure.

Despite this, there have been many instances of British ministerial ministers resigning or being dismissed due to major incidents or accidents in their areas.

According to an incomplete statistical report, from 1970 to 1990, a total of 33 high-ranking government officials stepped down. Six of them resigned because they were unwilling to assume collective responsibility. Eight resigned due to exposure of extramarital affairs or **** scandals. One person was also accused of using power for personal gain-the court found that he used public funds to pay for his mistress's vacation abroad, and eight others were forced to resign due to dealing with illegal businessmen or receiving improper remuneration.

At most, it was a mistake in the implementation of the policy or a serious misjudgment that caused them to settle accounts. As a result, ten people were forced to resign.

As for the cases of being held accountable for errors in the implementation of policies, there are many cases.

In 1985, Alan Stewart, the undersecretary of the Scottish Affairs Department, used a pickaxe to "greet" demonstrators who opposed a road construction project in his electoral district. He not only lost his official hat, but was also fined two hundred pounds.

In 1986, the then Minister of Trade and Industry Brittan resigned after a letter from the Deputy Attorney General leaked in the acquisition of Wisland Helicopters.

There are many examples of resigning for personal gain or personal conduct.

In 1984, two deputy ministerial officials were found to have received 1,000 pounds each as a reward for consulting parliament, so they were dropped from office.

Uh.......

That's right, it's a thousand pounds.

This is rare?

Do not.

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

Asking a question can get paid a thousand pounds, so why not do it.

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

Ten million pounds!

Looking at the finger that Shen Jiannan stretched out slowly, Lamont stood up suddenly, his face flushed, his eyes fixed on Shen Jiannan, and he could see that the muscles on his face were constantly twitching and his throat was also Wriggling.

Damn the devil!

You really want to seduce me.

"what can I do for you?"

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

"Our investment in the United Kingdom has made many people feel uneasy. But as Mr. Pound Brook analyzed, the devaluation of the pound sterling will have a positive effect on the British economy. Capital One and my initial wishes are Help the UK change the current situation, but it seems that many people are misinterpreting this intention."

What a lie to you.

Lamont wanted to roll his eyes. He was an old slicker who could get to the rank of First Minister of Finance. How could he not understand what Shen Jiannan meant.

Obviously, Shen Jiannan needs him to proactively admit his mistakes and resign, and if he does, the spearhead of the outside world towards Capital One will be transferred to the British government.

Soon, Lamont left.

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

the reason?

Lamont had no choice.

Just like Shen Jiannan said, even if he loses his face and Mei Jie, he still cannot avoid being fired.

The current Sister Mei needs a scapegoat too much. If he, the Chancellor of the Exchequer, does not resign, it will be Mei Jie who needs to hand out the resignation letter. If he is replaced, he will 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 drove to the Admiralty Building not far away.

But I don't know if it was because of an illusion, the number of colleagues who used to see me flattering hello was much smaller, and even the smile on the face of the guard at the door became fake.

The feeling that a person would be cold before they left the tea made Lamont feel very bad. Intuitively, he guessed that something big might happen today.

"From the statistics of the labor department, the current data is much better than before. There are signs of stabilization in employment, and the number of people applying for unemployment benefits has also declined year-on-year. Obviously, the situation is gradually moving towards a positive side."

"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 spoke seriously about the data changes in the last week.

All are good signs. During the half-month of the devaluation of the British pound, orders from export processing companies are flooding from all over the world, 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.

All departments can come up with beautiful statistics, and all he can come up with is the loss data of the Ministry of Finance and the Central Bank.

Even as much as several billion pounds.

To make matters worse, it turns out that ~lightnovelpub.net~ the devaluation of the pound sterling tends to be better for the British economy.

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

really.

With the return of various departments, John Major changed his conversation and raised a shameless issue.

"There are voices from outside who are questioning our decision-making incompetence and causing huge losses. I don't know what you think should be handled."

"..."

The ministers present were all human beings, and no one knew what John Major meant by these words. Now that things are developing for the better, the time has come to throw the pot.

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

"I think that His Excellency Pemberton is unreasonable in dealing with the behavior of international speculators. He may not be suitable for the position of central bank governor."

"I agree with Your Excellency Angel's statement that if Pemberton's ability to deal with crises is stronger, we may avoid huge losses."

"Your Excellency Lamont, what do you think."

"......"

I think you are numb!

Norman Lamont looked resentful, full of depression, and wanted to spit a mouthful of water on John May’s face.

He knows that his career may soon be over.

"It is true that as Your Excellency Angel said, Pemberton has insufficient capacity in behavior. I think he is not suitable for the post of central bank governor."

There is no one who has a greater say in the position of the governor of the Central Bank than the Chancellor of the Exchequer. Since even Lamont agrees, there will be no surprises.