In These New Times

A new paradigm for a post-imperial world

Mervyn King warns George Osborne

Posted by seumasach on February 13, 2013

“You can not go on indefinitely. It’s as if you are running up an ever steeper hill.”

Exactly, Britain is hopelessly bankrupt. This analysis makes things look good: it hugely underestimates inflation and hugely overestimates our capacity to benefit from a falling pound to boost exports.

Mervyn King warns George Osborne the BoE can’t do much more as he urges reforms


13th February, 2013

The Governor of the Bank of England has piled pressure on George Osborne to deliver radical economic reforms in his Budget next month as he warned that monetary policy would not be able to buy the Chancellor much more time.

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