The central bank's Monetary Policy Committee has never cut its key rate by more than a half-point since it gained independence from the U.K. government in 1997.
But to Mr Gove's team, experimental risk is not the downside of setting schools free (more than 1, 000 have gained academy status since 2010) : it is the point.
The Standard &Poor's 500 Index .SPX edged up 0.29 point, or 0.02 percent, to 1, 207.46. The Nasdaq Composite Index .IXIC gained 0.07 point to 2, 500.38.