Starting on 13 July, the Bank of England Charlie Bean Show, the spinners at the Bank say (with a very straight face): "will continue the Bank’s programme of explaining the MPC’s policy of injecting money directly into the economy alongside its decisions on interest rates".
In just seven days, the deputy governor, on his whirlwind tour will visit 14 towns and cities across different parts of England, Scotland and Wales, as well as meeting business groups and organisations.
Personally I'd like to know how Charlie Bean (no relation to Willie Wonka) intends to fit this all in unless he's taking a helicopter everywhere and starting the meetings at 4 am. Not only is the programme unrealistic but it also calls into question just how stupid the BoE thinks the rest of us are. There can be no excuse for the wholesale printing of money (or issuing bonds), perhaps Charlie Bean could have just sent an e-mail around or taken Gordon Browns route of spreading the news on You-tube?
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