Monday, December 31, 2012


We are at present living during an economic recession and we are assured by politicians that we must all share the burden of this market downturn. It would seem, however that members of the capitalist class are determined that some of their favoured clique will manage to get by quite well during this period of hardship. 'Mark Carney, the new governor of the Bank of England, will receive a £5,000-a-week "accommodation allowance" on top of a salary worth £624,000 , it has been announced. ....The Canadian's £250,000 annual housing allowance was confirmed by the Bank of England's non-executive directors, who revealed that it was offered to him before he accepted the job last month. ....The size of the housing allowance will give Mr Carney the option of living in several of the most sought-after and expensive parts of London. In his price bracket, estate agents are currently listing properties including a 5-bedroom house on Oakley Street in Chelsea (£4,500 a week) or a five-bed house on Elm Tree Road in St John's Wood for a similar price.' (Daily Telegraph, 19 December) RD

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