Chandra Roy | As a looming Brexit relentlessly edges closer, could the prospect of a new global cooperation slowly edge to the brink of reality? Speaking recently about Brexit and the implications on global trade, Bank of England Governor, Mark Carney, described it as an “acid test of whether a way can be found to broaden the benefits of openness while enhancing democratic accountability”.
James Alexander via Historinhas | The Bank of England published its quarterly Inflation Report for November 2015 last week. The fact that the BoE is missing its 2% inflation target by more than 1% set in train the usual mini-flurry of letters to and from their political masters at the UK finance ministry, aka The Treasury. While reading the Treasury reply I spotted that there had been an “evolution in UK monetary policy”, I was forced to read on.