Courtesy of Paul Twigg, who is adept at noticing these things.
The BofE, having decided that the Euro is toast, has announced it will break out the liquidity firehoses to do what it can to protect UK banks when the European kitchen fire begins in earnest.
Of course, as always, they say things much more politely...
In a crowded neighborhood, when fire breaks out, some fire crews spend their energies on putting out the blaze, and others on spraying water on the roofs of the neighboring buildings. In the US west, when a brush fire breaks out, they bulldoze firelines to clear brush, and keep close watch on the wind as they set backfires to consume the fuel in the fire's path. In short, the effort is to save what they can, and let the fire burn itself out. The art and craft of it all is to stay ahead of the path of the flames...
OS wishes the BofE well.
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