What will do for us?

Financial regulation: Economic policy puzzle of the day | ToUChstone blog: A public policy blog from the TUC.

Maybe someone can solve this for me. Which one of these is more likely to thrust the UK into further economic turmoil in the next two years: another massive bubble and crash in the City or the Monetary Policy Committee making some duff decisions on interest rates?

So asks Adam Lent at the TUC – followed by some very astute observations on the problems we face.

Disclosure: I haven’t said it for a week or two – so I remind readers I am an adviser to the TUC.