Friday, Aug 11, 2006

BofE will say it's not their fault

Bloomberg: Bank of England Drafts First `Dear Gordon' Note:

Spoof draft of how a letter from Mervyn King to Gordon Brown might look. "Frankly, it's your own fault. If you'd let ME pick all of
the economists for the Monetary Policy Committee, the external members wouldn't have been able to gang up on us in 2005 and get
their way with that ridiculous interest-rate cut."

Posted by ontheotherhand @ 11:32 AM (496 views)
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1. Surfgatinho said...

If only!
Will it be an open letter!

Friday, August 11, 2006 12:15PM Report Comment

2. harold said...

Excellent, never a truer word said in jest.

Friday, August 11, 2006 12:25PM Report Comment

3. George Monsoon said...


And probably not as far detracted from the truth as you might imagine.

Friday, August 11, 2006 01:56PM Report Comment

4. talking rot said...

You never know. Apparently Dennis Thatcher used to say that life at No 10 closely mirrored that of Yes Prime Minister.

A better letter would include the reasons why interest rates had just risen to 8%.

Friday, August 11, 2006 03:46PM Report Comment

5. inbreda said...

maybe he held out on raising rates until his BTL property had achieved its unrealistic asking price, so the letter should include "Sorry for not rising rates sooner to control inflation, but my buyers were in a chain, and then someone went on know what it's like...anyway, I hope I haven't things too late, otherwise we're all f****"

Saturday, August 12, 2006 12:22PM Report Comment

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