Perfidious Albion

Just another entry in the annals of how allied countries still spy on each other. The UK Treasury accidentally released a memo describing its concerns about full disclosure of documents relating to the UK's forced exit from the European Exchange Rate Mechanism in 1992. The report in today's Times of London notes that:

Another sentence revealing that the UK got wind of a French interest rise will be excluded because it implied that Britain had been spying, according to [BBC Radio 4] Today. "It is not clear what the information source for this was. The source could be covert and still in use," the leak says.

And to think that people believe that central banking is a boring business.