Mervyn King, Governor of the Bank of England, has announced a stunning new method that the Monetary Policy Committee will be using to gauge whether interest rates should rise or fall.
"We will be studying photos of Posh Spice's naked breasts during the course of the previous month. Any sign of plastic surgery will indicate excess cash in the economy and will mean that interest rates should rise."
The Sun's headline was predictable: "Wank of England". King was unrepentant: "Look, these meetings go on for a long time and are really boring. We thought that staring at Posh's tits would perk things up - even if it doesn't help the economy.
Posh Spice was unavailable for comment - although from where this reporter was standing it looks like interest rates might rise this month.
