Wednesday 8 November 2023

Small beer still served...

They never give up,and it is still in the same style. El Garubndino, who else, has this as a headline: 

 Brexit has hit UK’s economic openness, says Bank of England governor 

 

The actual article is nowhere near as scary, as usual: 

In an apparent swipe at those calling for the UK to develop a separate rulebook for banking and insurance activities, Andrew Bailey said free trade needed strong regulation based on agreements with foreign watchdogs....The governor is known to be concerned that a series of panics in financial markets since the Covid-19 pandemic was declared in early 2020 have required strong central bank intervention....financial investments known as money market funds, which lubricate buying and selling in short-term securities, were especially vulnerable and needed to be overseen by more robust international agreements.

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