Madam, – The governor of the Bank of England must thank St George that his government didn’t surrender control of the pound sterling to the gentlemen of the European Central Bank. Watching the bumper-to-bumper convoy of cars streaming across the Border for shopping must fill him with a justifiable smug satisfaction.
We should at once invoke the guarantee of subsidiarity and withdraw from the euro. After which we should devalue the restored punt.
At which point we might also restore to the “poorest in our society” the “legitimate expectation” of the Christmas bonus. – Yours, etc,