Thursday, October 22

Europe has made Britain richer

Claims Bank governor. ... But not Portugal, it seems. I’ll say this for communists: at least they are consistent. ‘Jeronimo de Sousa’s party is demanding a 50pc write-off of Portugal's public debt and a 75pc cut in interest payments, and aims to tear up the EU's Lisbon Treaty and the Fiscal Compact. His party wants to nationalize the banks, reverse the privatisation of the transport system, energy, and telephones, and take over the "commanding heights of the economy".’ I suppose Labour’s Corbyn isn’t much different. It’s the sort of thinking that got us here in the first place. As for Mark Carney … I suspect it would be equally valid if he’d said that Britain has gotten richer ‘despite’ Europe.

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