The Governor of the Bank of England’s eyebrows were the proverbial means of preventing unwise schemes in the City. He raised them, and rash financiers withdrew, chastened. Things have now come to such a pass that the Governor has to raise them — publicly — to discourage rash Prime Ministers.
Disagree with half of it, enjoy reading all of it
TRY A MONTH FREE
Our magazine articles are for subscribers only. Try a month of Britain’s best writing, absolutely free.
Already a subscriber? Log in
Comments
Join the debate, free for a month
Be part of the conversation with other Spectator readers by getting your first month free.
UNLOCK ACCESS Try a month freeAlready a subscriber? Log in