Arise Sir Mervyn

On the day the Bank of England announced that inflation is still more than double the target of 2%, Mervyn King is to be knighted. When the target has been missed for the last three years, you have to wonder what is the point of it? Whatever happened to performance related rewards?

There was the first run on a bank in some 200 years on his watch. The Bank of England’s official position is that deflation is the danger. He’s been photographed repeatedly during crisis days at Wimbledon and Lords, and now he’s off to the Palace. Arise Sir Mervyn of Credit Crunch…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Trevor Kavanagh’s analysis of the Brexit process…

“Thanks to Mrs May and her useless Chancellor Phil Hammond, this will not come without pain. But we escape with imagination and true British grit or we will be boiled alive.

It means on this centenary Remembrance of our struggle against tyranny, we risk ceding non-military victory in Europe to the undemocratic forces of an unaccountable totalitarian regime.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.