'We have to do something to redress the gerontocracy of our political system' – the youngest ever vice-president of the World Bank, deputy managing director of the IMF, and deputy governor of the Bank of England Minouche Shafik has Lunch with the FT:
Bank of England's Haldane will be hard to replace. Always willing to think laterally and be the odd man out - a true antidote to group think.
How many times this week will we hear the lie that the government has borrowed £300bn to pay for Covid? It hasn’t. It has issued debt, but then immediately repurchased it using new money created by the Bank of England. This debt has already been repaid in that case, for good.
City sources say the Bank of England governor Andrew Bailey has told banks to step up plans for the UK to leave the EU without a trade deal
The Bank of England just announced it will finance the gvt directly. Meanwhile in the eurozone the tragi-comedy of errors, also known as the Eurogroup, will reconvene tonight to proclaim that the crisis is SO urgent that it will do NOTHING of macroeconomic significance.