Bank Boss Warns That Recovery Is 'Uncertain'

Summary


Bank of England Governor Mervyn King has warned that a sustained UK recovery was still uncertain despite the economy's recent stellar growth.

Mr King told the Treasury Select Committee that a 1.1 per cent output rise between April and June was "encouraging" but added that a gradual improvement in credit conditions "seems to have come to a halt".

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Extract


Bank Boss Warns That Recovery Is 'Uncertain'

He said: "T...

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