Soufflés, Thatcher and the Central Bank mortgage clampdown
The Central Bank may be mixing the ingredients in the wrong proportions, at the wrong time, with the oven at the wrong temperature.
I don’t know if our Financial Regulator, Cyril Roux, is related to the famous brothers of the same name – the two Frenchmen who set up Britain’s first three-star Michelin restaurant. The Roux brothers baked the most delicious soufflés, with the finest ingredients. They knew how critical it was to mix the ingredients in the right quantities, get the texture right, set the oven to the right temperature, and bake the soufflé with the oven...
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