As a former Executive Director of the World Bank I know that the columnists of the Financial Times have more voice than what I ever had, and therefore they might need some checks-and-balances.
Would a child shouting out “the Emperor is naked” have his observation published in FT? Would he now need a PhD for that to happen?
Sir when reading Simon Ward’s “How the Bank of England broke its own rules" November 7, I suddenly had a vision of the sergeants drawing up battle plans at headquarters and the generals kept busy running the trenches.