UK: DON'T LET'S DISTURB THE OLD LADY - BANK OF ENGLAND.

UK: DON'T LET'S DISTURB THE OLD LADY - BANK OF ENGLAND. - David Smith is not a believer in economic panaceas nor in an independent central bank.

by David Smith is economics editor of the Sunday Times.

David Smith is not a believer in economic panaceas nor in an independent central bank.

There is as yet no bunting bedecking its grey stone walls, but the Bank of England has had a thorough clean-up. Decades of City grime have been washed away to spruce up one of Britain's oldest institutions. The Old Lady of Threadneedle Street is 300 in 1994.

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