Mervyn King and Uk Economy

case: That would be the case even without Brexit, according to The Guardian. The UK economy has recovered more slowly and more unevenly than Carney envisaged when he took over at the Bank from Mervyn King in 2013. Had things gone as originally planned, Carney would have handed over the keys to Threadneedle Street a month ago and someone else would have had the task of steering the economy through what is certain to be a fiendishly tricky period. It was only last week that the Bank's monetary policy committee felt confident enough to raise interest rates above the 0.5% emergency level that they reached in March 2009. Certainly, his remarks when questioned on the BBC Today programme on Friday were blunt. But Brexit is taking up half the governor's time and it is clear that he is starting to get concerned. (news.financializer.com). As reported in the news.