My old boss, Paul Tucker, did not get the BoE Governor's job instead it went to a Canuck Carney whom Osborne wanted and was given an inside track into Threadneedle Street. Carney was up in my home city Edinburgh yesterday where he gave an avowedly apolitical speech on the financial effects of a Scottish vote for independence this September. It was in fact a highly political speech shrouded in econ-speak rattling the spectre of Scotland turning into another Greece in a sterling currency union. Mentioning the Euro so frequently is a blatant scare tactic of which his master Osborne would be proud.
Why should Carney a very good economist give such a nakedly partisan speech cloaked in the guise of economics? It is a tactic we will see again if we every get a vote on leaving the EU and it was the tactic used by the EU philes in Wislon's 1975 fake referendum. Carney is a very ambititious man and like all such men has his eye on his next job. Once one has been governor of the BoE what else is there? Two jobs spring to mind, head of the IMF and head of the World Bank. The former is traditionally a Europe appointment and the latter a US appointment since its inception in 1944. If Carney gets PM Osborne's blessing he would be a shoo in when Madame Lagarde or her sucessor moves on. There has never been a British head of the IMF.
It is my old boss in HMG used to say, give me an ambititious man who wants what is in my gift. They are so easy to control like Farage and his desire to feel red leather on his buttocks.
In truth the Scottish and EU vote has little to do with economics. It is about which group rules. In Scotland it is a choice between native Scots, born, bred , state educated, living and working in Scotland or the Southern English public school/Haverstock comp Oxford PPE educated ruling class living in the best parts of central London, Hampstead, Primrose Hill, Islington, Notting Hill, Holland Park etc. No contest for any sane person.
It will be the same in the EU vote, a grande ecole elite living in Brussels and controlling the BBC or the natives with the Daily Express & Daily Mail. The economics particularly the loss of n million jobs will be wheeled out to confuse the issue just like MacMillan's Tories used to wheel out a machine called the Manningham Buller when waters needed to be muddied. It is a debate about who runs our country, us or the milatiristic Franco Prussians who have a history of wars every 50 years for the last 350 years. The choice is so obvious that no vote will be needed so you won't be given one. Vive l'Empire! Elites start wars to slaughter the plebs from time to time and hence keep them under control.
Niall Ferguson wrote an excellent piece pointing out how disastrously bad our decision to go to war in a state of unpreparednees was in 1914 and broke this country for ever. Who are making these decisions today in the UK? Why the same born to rule people of the political diplomatic elite now in their 4th or 5th generation. None more so than professional leftist politicians like Vera Brittan's daughter Shirley.
Read Kipling's poem Tommy Atkins, nothing has changed.