Mervyn King didn't grasp the crisis then –and he doesn't now | Will Hutton

Guardian Saturday 5th May, 2012

Bank of England , is by common consent formidably clever. Better to have him on your side than against, one might think - for which George Osborne, whom the governor has taken so protectively under his wing, must continually give thanks.So any criticism of him has to be forensic because, like the curate's egg, Sir Mervyn is good in parts. For example, he is right to slate the City for talking a free-market game while being in receipt of the bigge...

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