The Bank of England enters the political arena
Gordon Brown has not said openly that he plans to turn on the taps again in the budget with another package of spending and tax cuts, but his appeals to world leaders to do just that have led to a widespread feeling that more stimulus is to come.
So Mervyn King’s warning against more spending when debt levels are already so high has predictably been leapt upon by the Conservatives as a powerful message of support for their own position.
Do you believe the way to beat the recession is to stimulate the economy with more spending, as Brown wants, or with a more cautious, steady-as-she-goes approach as favoured by the Conservatives?
And should the Bank of England governor be straying so far into political territory?