Arise Sir Mervyn

On the day the Bank of England announced that inflation is still more than double the target of 2%, Mervyn King is to be knighted. When the target has been missed for the last three years, you have to wonder what is the point of it? Whatever happened to performance related rewards?

There was the first run on a bank in some 200 years on his watch. The Bank of England’s official position is that deflation is the danger. He’s been photographed repeatedly during crisis days at Wimbledon and Lords, and now he’s off to the Palace. Arise Sir Mervyn of Credit Crunch…


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Peter Mandelson tells Emma Barnett…

“I think that Jeremy Corbyn himself should search his conscience and ask himself whether he’s the best person to lead the Labour Party into the general election with the best chance of success for the party.”

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