Magazine article The Spectator

All This Sitcom Needs Is a Guest Appearance by the Grand Old Duke of York

Magazine article The Spectator

All This Sitcom Needs Is a Guest Appearance by the Grand Old Duke of York

Article excerpt

It is time that the Duke of York was recalled to the colours. He is all that the Not the Ken and Eddie Show now needs, apart from a less cumbersome title. This is a monthly sitcom, set in the Bank of England's parlours. Can Eddie George keep up his magical balancing act? Will the cast remain stuck on the fence? Book now for 7 May and find out. As a way to set interest rates, this is certainly interesting. The previous show (as you may recall) was devised by Ken Clarke: the Governor proposed, the Chancellor decided, the minutes were published and the markets passed judgment. On its own terms, this worked well enough, but Gordon Brown thought it undignified. Decisions of principle, he complained, were being personalised. His new, dignified method would leave interest rates to the Bank. They would be set by a special committee with four outside members, acceptable to him. They would, so I thought, be selected to keep the Bank's own hard-liners in order. …

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