Mervyn's smile

When the Bank of England's top brass was hauled in front of the Treasury Select Committee to explain their August Inflation Report, Mervyn King, the Bank's new governor, stole the show. King is beginning to become known for the beaming grin that he seems to wear permanently about town, with various references to Cheshire Cats creeping into the Diary pages. Is he as good humoured behind closed doors? If his smile can in any way be used as an indicator of his performance on the job (which so