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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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Original poster

Bank of England leaked email

25 replies

fearandloathinginambridge · 23/05/2015 18:57

AIBU to think it's not a bad thing for the Bank Of England to be preparing for all eventualities in re our future in the EU.

Can somebody explain why the media is suggesting it's a problem. Genuine question I can't see the problem.

OP posts:

SewSlapdash · 23/05/2015 18:59

I agree. Quite frankly, it would have more embarrassing if they hadn't.

KindergartenKop · 23/05/2015 19:09

I think it implies they are worried about leaving the eu.
I think they are.
I doubt it was accidentally emailed to the guardian!

KittensOnAPlane · 23/05/2015 19:14

They should be doing this on a regular basis anyway

It's a risk and they should be aware of and mitigate against it

CarcerDun · 23/05/2015 19:19

YANBU, they should be preparing for all eventualities. It's non news.

meandjulio · 23/05/2015 19:23

Large Institution Discusses Possible Future Events Shock.

I agree that it's been spun and leaked deliberately, but what a ridiculous non-story.

LordEmsworth · 23/05/2015 19:24

The problem is that it's secret! We're not meant to know about it, and that is a massive issue...

The media is pointing out that a secret review, that we the public aren't supposed to know even exists let alone what its findings are, is underhand and undemocratic. And implies that the results would only have been published if they supported the government/whoever the Bank wants to please, rather than presenting us with objective information.

Why would that be ok?

Lovelise · 23/05/2015 19:32

I thought the same as the OP. In fact I passed comment to DH about it.

Surely it's a good thing to plan for this risk and as another poster said try and mitigate it.

tsonlyme · 23/05/2015 19:34

I don't know about you but I manage to accidentally send sensitive emails to the Guardian on a daily basis.

ShadowFire · 23/05/2015 19:40

I'm fine with the Bank of England doing contingency planning. It would seem irresponsible not to.

"Accidentally" e-mailing it to a national newspaper, on the other hand..... that's highly suspect. I struggle to believe in that kind of accident.

VoyageOfDad · 23/05/2015 19:43

This reply has been deleted

Message withdrawn at poster's request.

longfingernails · 23/05/2015 20:04

More concerned with the 'accidental' emailing to the Guardian. Accidentally emailing a newspaper isn't really a thing.

Tryharder · 23/05/2015 20:39

Yes I raised an eyebrow at the accidental leaking of a sensitive email to a Guardian journalist..

As you do....

Sallyingforth · 23/05/2015 20:46

It's the secrecy that stinks
No.
As everyone agrees, it's essential that the Bank does this sort of work.
When the work is completed the Bank will have to release its report in order to advise government, and voters who will demand to know what they have found.
Until then the work should be confidential.

andadietcoke · 23/05/2015 20:50

I would entirely assume that they would be doing scenario planning as a matter of course. Plan for every eventuality...

HerBigChance · 23/05/2015 21:15

Yes, I think they should be carrying out risk analysis like this as a matter of course. More of a problem if they aren't, In my opinion.

reni1 · 23/05/2015 21:26

The leak worries me, not because I think they need to be terribly secretive or because this kind of planning is a surprise. It worries me because it shows either staggering ineptitude or untrustworthy employees.

LotusLight · 23/05/2015 21:27

Perfectly normal and what we expect them to be doing. Nothing wrong at all. As for who leaked what it's not very important. It's very likely they would be considering the consequences if we leave and I am sure we will stay in.

LordEmsworth · 23/05/2015 21:29

When the work is completed the Bank will have to release its report in order to advise government, and voters who will demand to know what they have found.

Erm, how can voters demand to know what is in the report they don't know exists?

Sallyingforth · 23/05/2015 21:46

It will be released as a matter of course.
No need for any demand by anyone.

agentEgypt · 23/05/2015 21:57

Who accidently emails the guardian top secret stuff? That's what's worrying

SolomanDaisy · 23/05/2015 22:02

I once accidentally emailed a really controversial thing to an, ahem, external organisation. Someone sent me a document asking me to forward it on and I didn't check that it was what they said it was. I'm still not sure whether they did it deliberately or not, but it wasn't intentional on my part at all.

DoctorTwo · 23/05/2015 22:15

A corrupt organisation leaks stuff to a tame newspaper in thanks for not going hard against HSBC when they have more than enough evidence to do so. I'm not surprised in the slightest, they're all in it together.

MsPerfect · 23/05/2015 23:45

The BoE are carrying out risk analysis like this all the time. The reason we don't know isn't because we aren't allowed to, it's just because it's an overwhelming amount of information for the general public and far better summarised into a clearer report.

I do hope an approachable version of their findings is published though. It would be nice for voters to feel we are making an educated decision from an economic angle rather than reading the crap in the tabloids.

Unescorted · 23/05/2015 23:58

It would be worrying if The Bank of England hadn't made plans - you can bet the last of their reserves that they have a plan for Britain not leaving the EU too. Not to menttion a referendum not happening, it happening a year later/ earlier than expected, Britain leaving or not without a referendum, or at a time of economic boom or downturn. To do anything less would be foolhardy. In fact I am sure there are other blended senarios and action plans to minimise the impact.

As others have said it is a non story.... would you prefer if they waited until a result?

Original poster

fearandloathinginambridge · 24/05/2015 10:40

I had only seen the BBC breakfast news coverage and a quick piece on Channel 4 news when I posted. I don't read the press as a rule. Anyway, I have now read the Guardian piece and I am still convinced it is a non-story.

there are sound and non-nefarious reasons for keeping the thing under wraps for now, not least of which is avoiding media scaremongering.

OP posts:

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