BoE's King: From Kirkcaldy to the MPC

In the speech 'Trusting in money: From Kirkcaldy to the MPC' given on 29 October Mervyn King of the Bank of England called for greater stability in UK pensions policy and announced a new £20 banknote will feature the economist Adam Smith.

"Pensions policy, for example, has for years been bedevilled by a combination of extraordinary technical complexity, which means that decisions take a long time to reach, and the reversal of policies adopted by earlier generations," he said.

"And it is one that

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