On November 11, 1997, the bank of England took a big step towards independence, politely revising the "banking law" of 1946 and reading it in the lower house. The bill passed legislation affirming that Gordon Brown, the Treasury secretary, freed government control from the central banking business. This is the hallmark of an institution that has been under the yoke of government for a century and a half. It symbolises how demand for central bank independence becomes conventional wisdom. India's income tax authorities are sending a tax notice to half a million bitcoin users who are trading in encrypted currencies. So there is concern that the yield will not fall below the historic low of 2.4%. Canning's view Last year, labour market economist John Philpott found that more than one in five workers, around 7.1 million people, were in precarious employment, up from 5.3 million in 2006.