#14 The Bank of England Interest Rate Rises, by the late Charles Dickens.

It was just after midnight on MPC-Meeting-Eve in the upmarket-suburban houses of Bank of England Governor Andrew Bailey, and Chief Economist Huw Pill. They were woken from fitful, fretful,  dozing slumber by three ghostly, shadowy figures. The first announced himself as The Ghost of MPC-Eve Past. He took them to 1942, when there were desperate …

#8 The “National Debt” …in two minutes.

“Out of intense complexities, intense simplicities emerge”.  W. S. Churchill. Imagine that you personally own, outright, Britain’s largest bank, and you are legally entitled to put any credit figure you choose in your own account. Would you really go out and actually borrow any money from anyone? Of course not.  But, you are aware that …