He says the bank will be given a remit and will execute against that remit.
The key question is whether the new remit will be measured against overall output (a year's worth of shows, say) or can be tried against individual programmes.
The remit review also came against a grim backdrop of lower growth and higher-than-expected borrowing revealed in the Budget as the independent tax and spending watchdog the Office for Budget Responsibility delivered another painful set of forecasts.
So what have we found out about Radio 2? We have assessed performance against its core remit, which is to be a distinctive, primarily entertainment-based service, targeted at a broad audience of over-35s.
Their remit extends from protecting lemon growers against extortion to making sure gangsters do not deter foreigners from investing in oil wells and petrochemical plants.Some security experts have high hopes.
If patients are given the option of ECT, the likelihood that depression symptoms will remit needs to be properly considered against the possibility that ECT treatment may compromise the patient's post-procedure self-experience.
"In particular, there is a need to balance the potential (but inherently uncertain) benefits that privatisation may bring against the potential risks to remit delivery if Channel 4 moves from a not-for-profit to profit-maximising status.
"And yet, we are told by the Special Education Consortium SECC), among others, that their members frequently reported that when parents called the YPLA, they were advised that handling complaints against academies was not within their remit.
Yet this has been the remit of decades of government support for strengthening capital against labour.
At least two expected candidates for the leadership, Simon Hughes and Charles Kennedy, have spoken against this winter's extension of the remit of the official Lib-Lab cabinet committee, itself unprecedented.
