In a nutshell, the cut was a doubling down on easing Brexit – which matters.
If our new Prime Minister cannot get through a fortnight without promising money left, right and centre, how will he or she manage the negotiation?
It is unmanly for him for him at once to gesture towards the heat of battle while creeping quietly towards the tents.
“It’s too complex. I just can’t understand the issue. With a referendum I think it needs to be something really quite simple, like in Ireland when they had gay marriage.”
The Governor says the Bank has a responsibility to explain risk, and how to reduce it.
The former Chancellor also says Carney has spoken too much about the consequences of Brexit, and cannot possibly know what those would be.
This resulted in one Las Vegas stripper taking on multiple 30-year mortgage loans. What a body she must have possessed.
There’s a parallel between the caution of the Governor of the Bank of England over interest rates and that of Germany’s Chancellor over sanctions.
There are lessons for today from the rise and fall of the “Lords of Finance” in the 1920s. Risk has been continually mispriced during recent years.
The overwhelming theme of the Chancellor’s Mansion House speech was risk. As he describes it, the economy isn’t out of the woods yet.
We need a property-owning democracy – not a rentocracy.
The alternative to building lots of homes in many places is build lots of homes in a few places: this would certainly lessen, or at least limit, the political penalty involved.
He should give a clear signal in the Budget that they will come when progress has been made on reducing the deficit.
Do we really think in a world that is only getting more dangerous and more complex, we are better off alone, or as part of a team heading in generally the same direction?