Governor of the Bank of England
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Asked how the Prime Minister felt about Mervyn King’s speech yesterday, the PMS said that there was nothing in Mervyn King’s speech that was inconsistent with what the Government believed about the nature of the recession and the importance of the banking system returning to recovery. Mervyn King also mentioned support for the Chancellor’s move to set out the return to fiscal sustainability.
Asked if Mervyn King had been asked to tone down his speech by the Government, the PMS said no; the Prime Minister had great respect for the Mervyn King’s views and it was right that he should give speeches on the economy as his role of Governor of the Bank of England.
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