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TheCountOfNowhere

Davos 2014: Osborne Says Criticism Of Bank Of England Unfair

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http://www.bbc.co.uk...siness-25876877

"Criticism of the Bank of England's forward guidance policy has been unfair, Chancellor George Osborne has said."

STEALING SAVERS MONEY IS UNFAIR.

DEVALUING WORKERS INCOMES IS UNFAIR.

PUSHING UP THE PRICE OF HOUSES IS UNFAIR.

REWARDING PEOPLE 100's OF THOUSANDS OF POUNDS IN UNEARNED TAX FREE EQUITY IS UNFAIR.

CRITICISING SOMEONE FOR NOT DOING WHAT THEY SAID OR FOR GETTING SOMETHING SO VERY IMPORTANT TO SO MANY SOP VERY WRONG....IS FAIR.

I am disgusted by the tories and regret voting for them every day.

Edited by TheCountOfNowhere

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A vote of confidence for Con Carney - despite his failure.

If he'd been a footie manager he would soon be out of his job but because he's the governor of the BoE and a banker then that's unlikely. The UK's economy will still effectively plummet but the stats will continue to be manipulated to pretend otherwise.

Edited by billybong

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He added that the Bank's clear communication had helped create "a very strong set of data in the UK".

As usual no clarification about what that could mean. It seems to be gobbledegook on top of gobbledegook.

The UK unemployment figures already had a set of data (some would say strong data - if you were prepared to jump through the hoops to obtain it and then wade through it all ) before Carney's arrival. Maybe Osborne doesn't realise that.

Edited by billybong

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An interesting comment about Ireland from the BBC link. Under Business Live.

An interesting perspective on Ireland's response to the financial crisis: According to the Irish Times, Ireland wanted to renege on its debt repayments in 2010 and had the support of Germany's central bank. But Jean-Claude Trichet, who was the president of the European Central Bank, blocked the move fearing it would create wider instability.

Likely it's mostly just the rewriting of history.

Edited by billybong

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Carnage seems to have sent cable tumbling this morning (unless it was BBA mortgage approvals which were lower than forecast) though admittedly GBPUSD is still up on the week.

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