Mervyn the weatherman

Does Mervyn King prefer isobars to interest rates? In an appearance before the Treasury Committee on Thursday 24 November, the governor of the Bank of England revealed his interest in one of the few professions which can compete with economists on the inaccuracy of their predictions.

Asked about the likely impact of a predicted cold winter and high energy prices on the economy, King detoured into a lengthy description of North Atlantic oscillations and prevailing winds, before admitting to the