Mervyn King: Ending Lockdown Will be “Process of Trial and Error”
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Mervyn King: Sensible to Try Lifting Lockdown for Less At Risk Groups
mdi-timer 12 April 2020 @ 10:11 12 Apr 2020 @ 10:11 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
King on May’s Brexit

Former Governor of the Bank of England Mervyn King…

“There are arguments for remaining in the EU and there are arguments for leaving the EU. But there is no case whatever for giving up the benefits of remaining without obtaining the benefits of leaving.”

mdi-timer 9 December 2018 @ 11:50 9 Dec 2018 @ 11:50 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
King Launches Blistering Attack on Government’s Brexit Strategy

Former Bank of England Governor Mervyn King has launched a blistering attack on the Government’s “incompetent” approach to Brexit. Speaking to the BBC, he said that it “beggars belief” that the people tasked with preparing the country for Brexit had “brought us to a position where we’re now being told that we have to accept a certain course of action, otherwise it will be catastrophic”. He also slammed the Government for not having a “credible bargaining position” as a result of its failure to plan adequately for no deal as undermining the negotiations. Something Brexiteers have been saying since day one…

“We haven’t had a credible bargaining position, because we hadn’t put in place measures where we could say to our colleagues in Europe, ‘Look, we’d like a free-trade deal, we think that you would probably like one too, but if we can’t agree, don’t be under any misapprehension, we have put in place the measures that would enable us to leave without one.'”

Before more shameless Remainers try to follow David Lammy’s lead and twist his comments into pro-Remain propaganda, King already made clear in the interview that his comments were specifically about the Government’s preparations for Brexit, and not the merits of Brexit as a whole:

“It doesn’t tell us anything about whether the policy of staying in the EU is good or bad, it tells us everything about the incompetence of the preparation for it.”

King is an intellectual heavyweight who has long spoken about the potential benefits of Brexit. He is struggling to find any in the Government’s approach…

mdi-timer 5 September 2018 @ 09:45 5 Sep 2018 @ 09:45 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Rebalancing

Mervyn King tells Central Banking magazine…

“The UK economy has to be rebalanced one way or another, remain or leave. We need a level of the exchange rate much closer to the level we had in the middle of 2013… We are now in a better position to rebalance the UK economy.”

mdi-timer 29 August 2016 @ 10:34 29 Aug 2016 @ 10:34 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Mervyn King: ‘Doom and Gloom Wildly Exaggerated’

“There are some threats from the EU that will no longer be relevant. So, the idea there might be a tax on financial transactions – which George Osborne challenged, took to the European Court of Justice and lost his case – now we won’t be involved in that, and my guess is that any attempt in Europe to impose such a tax will never take place now because business will simply come to the City… There are obviously uncertainties in the short run… but the idea that this is a doom and gloom story seems to be wildly exaggerated.”

Project Calm from the former Bank of England governor…

mdi-timer 27 June 2016 @ 13:18 27 Jun 2016 @ 13:18 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments