After five years of downbeat and depressing press conferences, Sir Mervyn King actually sounded quite chirpy in his last hurrah as Bank of England governor. Read more
Something needs to be done to restore the economy – but the chancellor and the Bank of England are too busy passing the buck to each other to agree a course of action Read more
Banks are to be provided with billions of pounds of cheap credit to lend on to companies. But this will not address the real problem, which is a lack of demand in the economy Read more
Economic recovery still seems disappointingly elusive. A double-dip recession has been confirmed and, as Sir Mervyn King reminds us, ‘a storm is heading our way from the Continent’. Read more
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