Ten golden quotes from Sir Mervyn King
Sir Mervyn King’s latest inflation report yields a crop of golden quotes about the state of the UK’s economy, according to Economics Editor Faisal Islam.
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After a decade in charge of the Bank of England, at a time of unprecedented financial turmoil, Sir Mervyn King leaves Threadneedle Street for a seat in the House of Lords.
Mervyn King, the governor of the Bank of England, says it is time to review inflation targeting and describes the UK economy as a patient that needs reviving. Faisal Islam reports from Davos.
Sir Mervyn King’s latest inflation report yields a crop of golden quotes about the state of the UK’s economy, according to Economics Editor Faisal Islam.
The Bank of England governor unveils new forecasts which show both weaker economic growth and higher inflation compared to previous predictions from the bank.
Gary Gibbon’s verdict on Sir Mervyn King’s interview on Channel 4 News: some of it helpful to the government – but a red flag of rebellion over the banking reform bill.
Exclusive: Watch here as Bank of England Governor Sir Mervyn King is interviewed by Jon Snow.
Sir Mervyn King’s interference in the ousting of Barclays’ chief Bob Diamond is difficult to justify, the chairman of the committee investigating the Libor rate-rigging scandal tells Channel 4 News.
The Governor of the Bank of England today predicted further quarters of negative GDP growth this year following the latest -0.2% slump recorded in the last quarter of last year. Britain’s economy is likely to “zig-zag” between positive and negative growth said the Governor, introducing the Bank’s quarterly economic healthcheck. Sir Mervyn said that the…
Bank of England Governor Mervyn King remains tight lipped over the prospect of becoming the lender of last resort to an independent Scotland.
It is the Bank of England governor’s piercing assault on bankers that sticks in the mind from today’s important speech in Brighton. He doesnt quite join Occupy the City, but he does suggest that British capitalism’s very legitimacy is up for grabs if bankers go too far on pay.
Britain faces the possibility of a new financial crisis because of imbalances in the banking system, according to Bank of England Governor Mervyn King.
The governor of the Bank of England, Mervyn King, blames bankers, policy makers and the Labour government for the financial crisis, writes Channel 4 News economics editor Faisal Islam.
So the Bank of England has downgraded its central prognosis for UK growth by almost one percentage point in 2011 – from 3.4 per cent in May to about 2.5 per cent. And its central inflation forecast has nearly doubled for 2011 from 1.4 per cent to around 2.8 per cent. So both main gauges…
Faisal Islam blogs on Mervyn King’s comments about the new Conservative/Liberal Democrat government
So no sooner had Britain’s banks pushed forward the begging bowl of further support schemes from authorities to prevent a renewed mortgage famine in 2011, than Mervyn King firmly slaps the suggestion down. “It is the most generous scheme in the world. It’s more than enough… in the longer-term, banking will be less profitable, but…