The Importance of Walking About Talking to Real People

Bank of England agents go out and talk to the businesses in that part of the country. They do 9,000 of these contact businesses every year. This information is fed back to the monetary policy committee (MPC) It's better than a survey because after you've had one conversation, you can put the word out to the rest of the agencies. The biggest problem with dealing with uncertainty is getting the new idea. Once you've got the idea, you can test whether you find it elsewhere. Joseph Walker: I think you're doing some of the fascinating work in finance at the moment. And thank you so much for listening.