Forget sniping with Treasury, Mervyn's big worry is debt ; As markets lose confidence in UK public finances, the fear is sterling could slump and interest rates soar ECONOMIC ANALYSIS
Evening Standard - London › June 30, 2009
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Summary
MERVYN King famously said his ambition as Governor of the Bank of England was to be "boring". In the past few days, he has been anything but.
His attack on the "truly extraordinary" levels of Government borrowing was as unprecedented as it was damning.See the full content of this document
Extract
Forget sniping with Treasury, Mervyn's big worry is debt ; As markets lose confidence in UK public finances, the fear is sterling could slump and interest rates soar ECONOMIC ANALYSIS
His call for a "clear plan" to reduce the debt infuriated the Treasury and led to accusations he was in cahoots with the Tories.
And his bombshell complaint that he has not been consulted ahe...See the full content of this document
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