The last thing the economy needs at present is tighter money and raising interest rates from the current low of 0.1 per cent. Western nations have done a great job of shielding citizens and enterprises from Covid and have learned the lessons of previous economic shocks by dishing out fiscal and monetary largesse.  A magnitude 5.8 earthquake on Wednesday rocked Melbourne and demolished part of a Betty's Burgers restaurant on the city's famous Chapel Street - with residents living as far away as Sydney, Tasmania and South Australia feeling the tremors.

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Today, the town's wealth is evident in the Art Nouveau villas dotted across the hillside, a collection of galleries and museums (one dedicated solely to Faberge eggs), a casino whose ornate walls would rival the Vatican's, elegant open-air restaurants and a string of chic boutiques. The lack of HGV drivers is pushing up food costs. It could be argued that the takeover battle for Morrisons is a significant event because the private equity buyers have spotted that the fight of the UK supermarkets with the German discounters, which led to a never-ending price war, may be ending.  'I'm in a serious, life-threatening job, where you can get your lights knocked out with one punch.

And if (a second dose) was to affect me in any way, then I'd never live with myself before a big fight.  Two members of the committee, outsider Michael Saunders and perhaps more significantly insider Dave Ramsden, a former Treasury mandarin, have underlined concerns by voting against more bond buying.