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Mervyn King: UK debt is ‘not in a comfortable position’
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Mervyn King: UK debt is ‘not in a comfortable position’
The UK’s national debt load is “not in a comfortable position” and the government faces a “real challenge” in managing fiscal policy, the former Governor of the Bank of England has said. Speaking to Lords at a committee hearing on Wednesday, Mervyn King said the UK was in a “much stronger position” before the financial crisis in 2008 and warned that most of the world’s largest economies were in a “mess”. King said the financial system was stil…
·London, United Kingdom
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