BANK OF ENGLAND AND THE TEMPLE OF DOOM

Having done little if anything in recent years to control the real rate of inflation the Bank of England is now beset by the scourge of stagflation - a deadly combination of lacklustre economic growth and high inflation which scares the pants off all economists. But have no fear - Mervyn "Indiana Jones" King is about to ride over the hill to our rescue. Gawd help us!

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