WE DON'T BUY BRITISH ANYMORE.

Although this is not a criticism of Mark Carney, Governor elect of the Bank of England, one naturally wonders why it is that we can no longer produce someone of the correct calibre to fill the post. The answer to that, one suspects, is that a 'Brit' is obliged to think in terms of welfarism, which got us into this mess in the first place.

Mr. Carney is a Canadian, and considered, internationally, to be the best in his sphere of operation; getting badly broken economies out of self-inflicted 'Black Holes', the very fingerprints of socialism; something which is in the DNA of all socialists. One can only hope that he will be his own man, pointing out that throwing money at problems cannot continue. Although from what has been said so far, we can't expect interest rates to rise to assist the hard pressed senior citizens, not overlooking his penchant for printing more money; heaven only knows where that will lead us. If the history books are correct, the aftermath of the Weimar Republic will give us a clue. Never forget, low interest rates are in place for people to get further into debt.

Naturally, the new Governor was quizzed by Governmental Treasury Committee; it's amusing to watch the members having their few minutes in the spotlight as such things appear in news broadcasts. Mark Carney will receive a salary a little north of £800,000, plus a housing allowance, which will give him an annual income slightly over a million pounds. One of the committee, Teresa Pearce (Labour), was soon hounding him on this point, presumably implying that he is just another 'fat cat'. This is someone who, hopefully, will guide us out of the mess her party forced upon us. Strangely enough, there was no mention that this remuneration package is roughly equivalent to what some so-called footballers take home every month. Which sums up the priorities of this backward nation.

WILL IT WORK? TIME WILL TELL.