bill o'neill, ubs wealth management. let's bring you more from our interview that i was just referencing earlier. he is a former bank of england monetary policy committee member. he spoke with jonathan ferro. >> we have had rates on hold for over five years. moste in the sort of consistent and strong period of growth that we have seen for almost a decade now. i andrcumstances in which the other members of the monetary policy committee put interest rate at level have gone away. not everything is flashing red. wage growth is still relatively subdued. we have had higher inflation than we would have expected. thehe mpc waits until all signals on inflation are flashing red, it will be too late. they should be taking advantage of the fact that the inflation is fairly well controlled at the moment and gradually moving up. that would be my argument. or sixhave had five years to adjust their finances. we have to remember that the economy is not just made up of borrowers. it is made up of savers. -- if we try to run the economy ba

yet in 1986, working with tip o'neil and bill bradley and together the tax reform that in my view was critical to the economic growth next couplethe decades. in 1983, again working with tip o'neil, dan rostenkowski put in place social security reforms. but those programs are currentnable in their form. so this is not something that we haven't done before. bill clinton and newt gingrich like eachticularly other, yet they were able to work together to put forward not welfare reform but also a balanced budget, also tax reform. whate give you examples of i think could be done. is, improve the pipeline to us energyake independent in north america and to create the biggest public project inure america. but also all the above. meaning looking at all those sources of energy including efficiency. second, i think we could see immediate expansion of exports and people talk about the fact that the president is out there negotiate trade agreements, but the fact is we successful, in my view, without the ability to be able to take these agreements to congress for an up or down vote. every president