Vince Cable: Bank of England are a "capital Taliban"

Business quote of the day.

Vince Cable says the Bank of England have resembled a "capital Taliban" through its restrictions on lenders.

In an interview with the Financial Times he said the central bank has held back the recovery.

“One of the anxieties in the business community is that the so called "capital Taliban" in the Bank of England are imposing restrictions which at this delicate stage of recovery actually make it more difficult for companies to operate and expand

“It is clear that the main banks are failing to support good British companies in key areas like exporting and innovation,” said the business secretary.

Vince Cable. Photograph: Getty Images
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Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.