Mark Carney has a £250,000 housing allowance - why would he care about rising property prices?
In popular myth, King Cnut the Great, more commonly known as Canute, set his throne on the sea shore and commanded the tide to retreat. One version has it that Cnut’s display was a sign of regal arrogance — though if the event ever did occur, it was more likely a rebuke to obsequious courtiers.
Speaking of which, the financial media have been in thrall to a new king of finance since Mark Carney was elevated to the governorship of the Bank of England in July.