Jacob Rees-Mogg

Jacob Rees-Mogg

Peace and sound money are the two necessary and sufficient requisites for prosperity. This makes Sir Robert Peel a great hero of Conservative MP Kwasi Kwarteng’s book. Sir Robert, who was instrumental in returning the United Kingdom to the gold standard in 1821, also believed in a balanced budget and introduced the Bank Charter Act of 1844. These remained the pillars of British finance until 1914, coinciding with a period of tremendous economic success and improvement in living standards and life expectancy.