Mervyn King: Part Two
Two days ago I accussed the Governor of acting like a ‘political hack’.
Paul Waugh says:
The very idea of a Cabinet minister slagging the Governor of the Bank of England in such terms is certainly jaw-dropping stuff.
Normally I’d agree. But not when, to use the language of the school ground, he started it.
In other news the Bank have responded to my FOI request as I suspected they would:
We take “meetings” to refer to organised exchanges involving the Bank’s executive, as distinct from social or casual gatherings; and “representatives” to mean the leadership or staff of the conservative party, rather than simply members.
Like senior civil servants, Governors of the Bank have over many years held meetings with the leadership of the opposition parties.
Such meetings are held with the knowledge and approval of the administration of the day. They are necessarily private on both sides, owing to the risk of misunderstanding and misreporting. So although the fact of such meetings is acknowledged, we will neither confirm nor deny whether any particular meeting or series of meetings took place, nor provide dates or records should any be made.