Mervyn King: goodbye to the governor | Editorial

The British economy was in for a painful recession in 2008-09; but through his inaction, Sir Mervyn made it worse Last night was Mervyn King's 10th Mansion House speech; it was also his last. After more than two decades at Threadneedle Street, the Bank of England governor steps down at the end of this month. Unsurprisingly, Sir Mervyn's recent interventions have had a allowable tinge of sepia. Yesterday's address was no different. "A game of two halves," ran a trademark sporting metaphor. "Full ...