De jure and de facto independence of the central bank from fiscal authority. Per D.1.5 scope, one of the framework's defensible monetary positions.
Financial-sector regulation — banking separation, capital requirements, cross-border activity rules, derivatives oversight.
Chancellor Gordon Brown announced on 6 May 1997 (four days after Labour's election victory) that the Bank of England would be granted operational independence to set interest rates to meet an inflation target. The Bank of England Act 1998 formalised the Monetary Policy Committee structure, inflation-targeting remit (initially 2.5% RPIX, later 2% CPI), and removed direct government control over rate-setting. Government retained responsibility for setting the inflation target; Bank retained operational control over instruments.
Per invariant 3, reforms are scored by what they did on each channel-separated axis, not by the party that enacted them. This fingerprint is how the policy-match engine finds historical analogues.
Explicit links are curated by the author. Inferred links are hypotheses in the library that test the same axes this policy moved — the framework's answer to "what does the data say about a policy like this?".
Ranked by axis-fingerprint overlap with this policy. Direction match bolded — those are the closest historical analogues. Shape of the match is what drives policy-outcome comparison, not the country or party label.