BoE governor King warns of euro risk to British recovery
LONDON (Reuters) - The single biggest risk to Britain's nascent economic recovery is continued eurozone weakness, the Bank of England's outgoing governor Mervyn King said in a television interview on Sunday.
He called for a "credible medium term plan" to get the economy back on track and said automatic economic stabilizers should be allowed to work.
He also predicted that North Sea oil output would recover in the next couple of years.
King last week predicted that UK growth would be faster and inflation lower than expected three months earlier.
(Reporting by Mohammed Abbas; Editing by David Cowell)
- Tweet this
- Share this
- Digg this
- Canada's parliament attacked, soldier fatally shot nearby |
- Attack on parliament, killing of soldier stun Canada's capital |
- Hungary plans new tax on Internet traffic, public calls for rally
- UPDATE 1-Tennis-WTA Finals women's singles round robin red group results
- Some U.S. hospitals weigh withholding care to Ebola patients