Archive for May 16th, 2013

May 16, 2013

Mervyn King: “It’s all just about the Golden Handshake now”

by philapilus
The Bank of England in Threadneedle Street, Lo...

“If you ever go down to the basement you’ll see there aren’t even any foundations. The whole building just sits on a cushion of hot air, like a hovercraft, or Cameron’s Cabinet”

Outgoing Governor of the Bank Of England, Sir Mervyn King, admitted this morning that talk of Britain’s economic recovery has been largely motivated by “the number of zeros I am going to get on the end of my cheque in June”.

King, one of the country’s most powerful figures, and whose every utterance affects the confidence of investors, said “The country’s economy is definitely growing. I know I said it was 0.5% yesterday, but it can be even higher if you like.

“Let’s call it 5% this year, rising to 9% next year. Haven’t I done well? In fact I think we’re

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