Mervyn King warns of ‘sober decade ahead’

The UK is facing an unpleasant, “sober” decade, Bank of England governor Mervyn King has warned.

He described the sober decade as one of “savings, orderly budgets, and equitable re-balancing”.

“The next decade will not be nice.  History suggests that after a financial crisis, the hangover lasts for a while”, he said.

Read the full article here

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s