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   MarjorieR (marjolica@social.linux.pizza)'s status on Sunday, 07-Dec-2025 08:49:49 JST MarjorieR

   in reply to

   • Emeritus Prof Christopher May

   @ChrisMayLA6 meanwhile the Bank of England seems to have other concerns.

   I know the BoE is supposed to be independent but maybe it would be sensible for the Treasury to listen to what they are saying.

   https://www.taxresearch.org.uk/Blog/2025/12/06/the-bank-of-england-is-warning-a-financial-crash-is-coming/

   • Embed this notice
     Emeritus Prof Christopher May (chrismayla6@zirk.us)'s status on Sunday, 07-Dec-2025 08:49:50 JST Emeritus Prof Christopher May

     In the FT: 'The financial crisis was obviously quite some time ago now' City minister Lucy Rigby [says]... 'from a narrative point of view, we don’t want banks to be any longer on the naughty step'!

     So while workers wages' have still not recovered in real terms to what they were before the financial crisis, even while bankers earn millions in bonuses... a Labour minister wants to use the language of the playground to describe their ill-advised deregulatory push...

     Words escape me.

     #politics

     Kermode repeated this.