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Mervyn King and the Politics of Uncertainty

The Bank of England under the direction of its governor Mervyn King today revised down its growth projections for the British economy this year and is now saying that the nation will not reach pre-crisis levels until 2014.

BoE to Face Dilemma on QE Call, Expects Slow Recovery in 2012

The Bank of England (BoE) is expected to take a call on whether to extend its £325 billion quantitative easing to support the economy when it meets this week, as it cannot ignore Britain's above-target inflation even though official data shows the country is back into recession.