Tuesday, 1 February 2011

Stuff his contributions. Let's have retribution.

If any alien beings had spent yesterday observing planet earth's social networks, they might well have wondered what the hell was going on.
Activity was frantic.
It was merely a reflection of the goings-on in the English Premiership transfer market.
Had they paid more attention to what was going on in the Bank of England, they would have been even more perplexed. That's because yesterday was the day that the Old Lady of Threadneedle Street chose to put an extra £1.4 million into the pension pot of its Governor, Mervyn King.
Coincidence or clever timing?
So when he retires in 2013, Mervyn King will collect a pension equivalent to £198,200 in today's money.
In his defence, the figure is also based on his own contributions.
I wonder if that includes his contribution towards making Britain the busted flush that it has now become.

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