City Diary: Bank of England on the rocks as Mark Carney calls for cocktails

Although Diary advises that any tipple served “on the rocks” might not send quite the right message.

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It's as inevitable as death and George Osborne’s taxes that someone will use Budget Day to bury bad news.

This year’s winner is – surprise, surprise – the Co-op, which dug a large hole for the news that its “co-operative relations director”, Mark Craig, has left after 30 years as part of a major reshuffle of the executive board.

Meanwhile, Michael O’Leary, the Ryanair boss who once humbly compared himself to Jesus, staged a popularity contest with the Chancellor at lunchtime yesterday by holding a press conference to unveil Stansted Airport’s exciting growth plans.

Alas, a Ryanair source told Diary that RSVPs came in “dribs and drabs”.

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harriet.dennys@telegraph.co.uk

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