Apart from all matters Chilcot and a little difficulty for Boris, Sue Cameron has this nugget:
Some 30 years ago Whitehall carried out an exercise on what everyone should do in the aftermath of a nuclear war. I’m told the Bank of England’s response was that nothing should be done which might damage the pre-eminence of the City as a financial centre. Of course.
Gordon Brown may well have other ideas after Mervyn King’s latest outburst.
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