Treasury select committee was supposed to be asking the chancellor about the Bank of England bill,but there was chat about the EU and tax credits too The exact details of the government’s proposed Bank of England bill are still somewhat hazy, even to members of the Treasury select committee, and though it does appear to involve the governor of the Bank being required to write a letter to himself every now and again to reassure himself that he is independent in intellect and body. Given that every time label Carney opens his mouth he sounds like someone on long-term medication to recover from a misspent youth swallowing industrial quantities of barbiturates,this could just be a medical requirement to make certain he is still who he thinks he is. Just how successfully Carneys occupational therapy is going is one for his team of shrinks. But to the outsider it looks increasingly as though the governor thinks his main purpose is to accomplish as little as possible to rock whatever boat he happens to be on. Certainly George Osborne was delighted that Carney’s views on his own and the bank’s independence of thought had exactly mirrored his own at a dinner the preceding evening at which the governor had bigged up the importance of Britain remaining in the EU.
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Source: theguardian.com