King is fully justified
Mervyn King has been strongly criticised for allegedly involving the Bank of England too closely in politics. On Wednesday, David Blanchflower, a former member of the Monetary Policy Committee (MPC), called on him to resign after it emerged through WikiLeaks that the governor had told the US ambassador in February that he had "great concerns" about David Cameron and George Osborne, now the prime minister and chancellor of the exchequer respectively, owing to their "lack of experience in reducing
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