By Sean O'Grady

Actually the Monetary Policy Committee of the Bank of England isn't supposed to have one view, like, say, the Cabinet, so the "news" that the Bank was split over the latest interest rate cut is not much of a surprise. They're just a collection of brainy individuals who get thrown into a room at the bank of England every month to chew over the economy. Naturally with nine economists there are going to be more than nine views. So a three way split is a pretty unified stance, if you see what I mean.