There is no reason to be pessimistic about the pensions challenge confronting the nation says former Bank of England governor, Lord Mervyn King.
Sterling's weak performance in the wake of June's Brexit vote could allow the UK to re-balance its economy, according to Mervyn King, as he described forecasts of a materially weaker UK as a result of Brexit as "highly speculative".
A former member of the Bank of England's (BoE) Financial Policy Committee (FPC) has dismissed the current strategy of forward guidance, saying it is not what the market wants.
Outgoing Bank of England governor Sir Mervyn King said last night the pound is now "properly valued" in a move to halt its slide.
Bank of England governor Mervyn King voted to increase quantitative easing by a further £25bn at February's Monetary Policy Committee meeting, latest minutes reveal.
The Bank of England's Monetary Policy Committee will tolerate missing the inflation target for the next two years in order to support the UK recovery, said Bank governor Mervyn King.
Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.
The UK's main inflation rate fell back towards the 2% target in August after reversing a surprise jump the previous month.
Hannah Brenton takes a look at the bitter argument over QE.
The Bank of England is to launch new stimulus packages in a bid to get the economy moving again.