Third, the idea that the Bank of England, or anyone else, has the foresight to forecast growth next year for the economy when there are so many massive headwinds facing the country undermines their credibility at present. More caution, a little more wisdom, and a demand that the government play its role with fiscal policy to which the Bank might lend a hand, might have been appropriate, I suggest. But that’s not what we got from a body dedicated to conventional wisdom. In which case a minor revolution in thinking is required.
So, i we can’t predict bugger all then how do we plan for it? Manage it? Curajus or no?