Mervyn King
Mervyn King vs. Goldman Sachs
What did the Governor of the Bank of England think of Goldman Sachs’ plan to wait until the 50p rate is cut in April to pay bonuses? At this morning’s… Continue reading
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Osborne’s coup: Mark Carney is the new Bank of England Governor
Hiring Mark Carney may just be George Osborne’s best move since becoming Chancellor. Britain badly needed a break from the failed economic consensus which still hangs around the Bank of… Continue reading
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Another growth plan falters
It seems that yet another coalition growth scheme is falling flat on its face: this time, Sir Mervyn King’s ‘Funding for Lending’ brainwave. The theory was that the Bank of… Continue reading
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Everybody duck! It’s macho Merv
Just as Mervyn King, as Isabel flags in her blog, is being dragged into the Libor scandal, comes a truly remarkable article from the FT headlined ‘The bank that roared’.… Continue reading
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King joins Libor drama
Up to now, Sir Mervyn King has played largely a walk-on part in the Libor scandal, prompting Bob Diamond’s resignation after he warned Barclays that the regulators no longer had… Continue reading
24 Comments Sir Mervyn and money-fixing
Is manipulating interest rates really as shocking to the Chancellor and the Governor of the Bank of England as they make it out to be? The Libor and Euribor fixing… Continue reading
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Of bankers and bartenders
It suits a great many people to blame the banks. The ministers (like Ed Balls) who oversaw the debt-fuelled credit bubble; the Tories (like George Osborne) who signed up to… Continue reading
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Meryvn has his case for more QE
Last Thursday Mervyn King said ‘the case for further monetary easing is growing’, and today’s surprise inflation figures give the Governor and his policymakers more leeway to introduce the next… Continue reading
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Fisking Peston
How to explain the King-Osborne plan to pump more cheap credit into the economy? Robert Peston gave his explanation of last week’s Mansion House speech. Here, our occasional media correspondent, The… Continue reading
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The return of Osborne’s good spirits — and his cat
The most important event today is the Greek election, with its huge implications for the future of the Eurozone. But this morning, the political class is chattering about George Osborne… Continue reading
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Osborne leans on King
What we saw at the Mansion House last night gave us some hints of where British economic policy will go if the Eurozone start to fragment. For the moment, Osborne… Continue reading
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The IMF says it’s the Bank’s economy now
When the IMF published a report into the UK economy last year, I wrote a blog post detailing how it managed to please everyone: George Osborne, Vince Cable, Mervyn King,… Continue reading
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Metaphorical Merv
Mervyn King unfurled a mast of metaphors this morning. ‘We are navigating through turbulent waters, with the risk of a storm heading our way from the continent,’ he said. ‘We… Continue reading
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Mervyn’s mini mea culpa
The newspapers and internet today are full of headlines about Mervyn King admitting the Bank of England was ‘late to the game’, and that central bankers should have ‘shouted from… Continue reading
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GOD isn’t good enough for Threadneedle Street
When Gus O’Donnell was running the civil service, he was known by his initials — GOD. It seems to have gone to his head. He says in this week’s House… Continue reading
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QE is a government hijack, says King
While Mervyn continues to inflate our universe via Quantitative Easing, another Mr King — Stephen, the chief economist of HSBC — has issued a report saying QE is a way… Continue reading
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Yes to new roads, no to a pensions raid
New roads in Britain are badly-needed, but who should bear the costs? Motorists, says David Cameron — and his speech today is a move in the right direction. No tolls… Continue reading
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How Mervyn King’s role has changed
A week devoted to Mervyn King and his eight-year reign at the Bank of England sounds like pretty turgid stuff. But, already, the series that has started in the Times… Continue reading
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Post-Moody’s, King backs Osborne
Moody’s doubts might not be making much difference to the actual economy, but they could make a good deal of difference to the political battle being waged over it. George… Continue reading
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A feast of Quantitative Easing
Fire up the printing presses, once again. The Bank of England has just announced another £50 billion of Quantitative Easing, bringing the total monetary expansion up to £325 billion. And… Continue reading
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