Monday, August 4, 2014

Now This Is What I Call Serious Government to Private Sector Revolving Door Action

Bank of England chief economist Spencer Dale is leaving the central bank to become chief economist at oil major BP.

According to BOE, in his most recent role, Dale served on its Financial Policy Committee, which in late June announced major measures to limit how much most Britons can borrow to buy a new home.

BP said Dale will be responsible for its energy price benchmarks and general economic advice. Energy price benchmarks? I thought traders set those prices based on supply and demand market conditions.


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