You Could Not Make it Up – Giving Professionals a Bad Name!

Texperthe new Bank of England deputy governor Charlotte Hogg has warned that Brexit remains a risk to the UK economy, saying it poses the “most significant challenge” to monetary policymakers and could have “upside or downside” effects.
Well, No Sh*t Sherlock!
There’s a blinding glimpse of the obvious!
Note the “Upside or downside” – no Mr In-between, no upside and downside, not a little bit of both just to keep everyone happy but a full a polarity choice.
Meanwhile Ms Hogg, who has not held a policymaking position with the Bank of England before but who has run the operations side of the Bank since 2013, claimed that not being an expert was an advantage. Andrew Tyrie, Tory chairman of the House of Commons Treasury Select Committee, said: “You haven’t got that [policy] experience.” Ms Hogg replied: “I don’t and I think that’s a plus.”
Meanwhile I shall keep my eyes open for the next Bank of England Sits-Vac advertisement –you never know when a lack of expertise will be a real qualification.

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