George Trefgarne, of the Daily Torygraph, usually writes splendid pieces for this least bad offering of the English statist press, but for some reason he seems to think the Bank of England is in some way independent.
Chancellor is pulling the Bank's strings
I hate to ever say a bad word about the redoubtable Mr Trefgarne, but the Bank of England is a wholly owned and controlled subsidiary of the British government whose only purpose is to continually increase the money supply of fiat paper in this country to enable to British government to keep stealing our money. That's it. It has no other reason to exist.
If Mr Trefgarne doubts this, he really ought to read some more Murray Rothbard:
What Has Government Done to Our Money?