Mark Carney, the new BoE Governor is to be congratulated for his forthright and unequivocal (and short) announcement today. Compare that to the sort of nonsense which the former Governor used to serve up: ‘We are navigating through turbulent waters, with the risk of a storm heading our way from the continent….We don’t know when the storm clouds will move away…. The eurozone is tearing itself apart’…… Carney looks as if he is going to be a bit heavier on facts and figures than Merv. That is just what we need and hopefully, our government, especially Chancellor Gideon will learn the lesson. Here is one of his own painful attempts: ” But while Britain has left intensive care, we still need to secure the recovery – and make sure we continue to treat the ailments that brought us low in the first place.”  **Cringe**

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