Watchman Alfrescian Loyal Joined Mar 12, 2009 Messages 13,160 Points 0 Nov 12, 2009 #1 Bank boss Mervyn King warns Darling that Britain lacks 'credible plan' to tackle spiralling national debt By Sam Fleming Last updated at 11:41 PM on 11th November 2009 Britain's economy is finally in recovery, but it will be a 'long, hard path' before it is back to full health, the Bank of England said yesterday. Governor Mervyn King said the recovery was under way, and signalled that interest rates will remain low at least another year, in a boost to mortgage payers. But he warned the country has 'only just started along the road' towards getting the economy back to business as usual, in the wake of the worst financial crisis in modern history. There was a mixed reaction in the City in the wake of his statement.
Bank boss Mervyn King warns Darling that Britain lacks 'credible plan' to tackle spiralling national debt By Sam Fleming Last updated at 11:41 PM on 11th November 2009 Britain's economy is finally in recovery, but it will be a 'long, hard path' before it is back to full health, the Bank of England said yesterday. Governor Mervyn King said the recovery was under way, and signalled that interest rates will remain low at least another year, in a boost to mortgage payers. But he warned the country has 'only just started along the road' towards getting the economy back to business as usual, in the wake of the worst financial crisis in modern history. There was a mixed reaction in the City in the wake of his statement.
