It’s 2023, a year of recession, and the culpability for this recession must surely lie with the Bank of England. Why ostriches? What are ostriches famous for? They bury their head in the sand. They don’t listen to or learn from experience. They don’t see what is happening and act upon it. They hide from it. What did happen? Well, during COVID there was excessive quantitative easing. This went well beyond what was necessary when supply was short, that things weren’t getting through. Goods weren’t getting into the UK because of complications with deliveries, and that inevitably meant that there …
