This week: Football inflation, ‘reform fatigue’ and a cheery 121-year-old company mascot
In Numbers: Sky’s not the limit
£10.2 millionPremier League
70 per cent
£100 millionImage of the week: Punctured tyres Michelin
The Lexicon: Reform fatigue
It’s a hard life being a central banker – all that time spent changing the world for the better. Now the policymakers and regulators of the financial world are at risk of succumbing to “reform fatigue”, according to Bank of England governor Mark Carney. He’s worried that everyone has got a little jaded by the thought of tackling concerns about the banks, including the risk that some are “too big to fail”. Carney is calling for a big push on implementation. “Many of the toughest reforms are micro-reforms that can have big political coalitions against them,” he observed. In short, it can get tiring dealing with all those lobbyists – sometimes it’s easier to just agree with them and do nothing.