King assumes his throne

The long-awaited moment has arrived: Mervyn King has moved into Eddie George's offices on Threadneedle Street, now that he has been baptised as governor of the Bank of England. In his debut media appearance as governor, he accepted an interview with The Times in which he betrayed some trepidation at having to replace this "remarkable figure". He modestly protested that Eddie's shoes are one or two sizes larger than his own - but, providentially, help is at hand. With a little help from his