It is less neo-endogenous growth theory and more The Cat in the Hat. A former executive at the Bank of England has confirmed that the children’s author Dr Seuss was used as a model to make its reports more readable.
Nemat Shafik, a deputy governor until February, said the bank had conducted research indicating that its reports were accessible to only one in five of the population because of the complex language used.
Dr Seuss, whose real name was Theodor Seuss Geisel, wrote several of the most popular children’s books, including The Cat in the Hat and How The Grinch Stole Christmas!
Ms Shafik told the Hay Festival that the bank needed to be able to “explain things in simple and accessible language”. “Dr