By the way, once again I'm impressed with the BoE reaction. They got burned some 30 years ago, and since then they reacted correctly and fast enough to each cri

By the way, once again I'm impressed with the BoE reaction. They got burned some 30 years ago, and since then they reacted correctly and fast enough to each crisis, while the Fed and ECB do slip up sometime (keeping policies too long or not reacting fast enough). What's troubling is that for the first time, they do not react to an external crisis or a bubble bursting, but to their own government fucking up. I do not care about UK politics as much as I did when i wanted to emigrate there, so i follow it loosely at best, but the Tories choose the worst time to have an internal campaign. Because it wasn't followed by a national campaign where the internal promises have to be dilluted for the national interest (and swing vote).