As I write, an MoD plane carrying one million Euros is being airlifted to Cyprus for UK military personnel. It must be a new and very literal definition of 'helicopter money'. And that's the problem. As long as policymakers continue to opt for radically different solutions in every case - then fear and loathing will never be far away from markets and now, once again, from savers.

The chair of the influential Commons Treasury committee Andrew Tyrie has described the prospects for the British economy as "not good", because it is ...

In these times of pinching pennies, monetary McCarthyism in the public sector and the savage exposure of any "drain" on public finance, it was interesting to see one rather faceless block of tax payers' money hit the stream recently, without very much of a splash.