Lord King of Lothbury is to be the next president of the Marylebone Cricket Club. The former Governor of the Bank of England will, for a year from October, oversee the world’s most influential cricketing body, owner of the Lord’s ground and guardian of the laws of the game. This appointment makes sense – King has long been a noted amateur player and hugely knowledgeable fan of cricket. And for almost 20 years, the Chance to Shine charity he co-founded has tackled the decline of cricket in state schools. Alongside his MMC news, King also gave a speech in the Lords last week, which should be read by economic policymakers everywhere. Having run the Bank of England from 2003 to 2013, he says the Bank’s Monetary Policy Committee (MPC) has more recently been plagued by “group-think”, with the nine economists who set interest rates helping to drive UK inflation up to 11.1pc in the autumn of 2022, a 40-year high. “It is troubling,” he told fellow peers. “There were no dissenting voices to challenge the view inflation was transitory.” A “lack of intellectual diversity” on the MPC, he argued, led to a failure to challenge consensus. The UK’s cost of living crisis was,...