Tuesday, 25 September 2012

Sir Mervyn King says economic recovery on its way

The Bank of England governor, Sir Mervyn King, says economic growth is on its way.

In a wide-ranging live interview with Channel 4 News, Sir Mervyn said he did not have a crystal ball, but that the next quarter would probably show a pick-up in activity.

He said he was beginning to see a few signs of a recovery, albeit a slow one.

He said a lot depended on resolving the eurozone crisis, which was hanging over the UK like a "black cloud".

http://www.bbc.co.uk/news/business-19668682