Who'd of thought it ?!

[bazwillrun]

"Bank of England governor Sir Mervyn King predicts ‘steady, slow recovery’ coming this year"

Obviously not a betting man
Do you think hes any good with lottery numbers. ?

Just about any half intelligent Joe/Joanne on the street if asked what their prediction for the UKs economic forecast is could have come up with this nice pretty safe answer

hey Merv, whats the weather gonna be like at the weekend ?

how do these people get away with it ?

[ummmm]

Better than predicting that things will get worse.

[MarkRae]

Who'd have thought it indeed!

[rowanwitch]

Well it might cause a few problems if he came out and said really sorry folks the economy is stuffed and we have as much chance of recovery as a 90 year old with bubonic plague

[youngmafbog]

It is most likely what will happen, so what do you expect him to say?

[Davethedog]

Of all the economic establishment he is more likely to tell the truth or at least the truth as he sees it than any politician right or left.

He has a professional reputation to maintain, so if he sees signs of optimism, it is a good thing, he would also be man enough to admit when he is wrong. Also in that statement is an admission that the bank was too slow to react to the financial crisis.

He has no political axe to grind, been there for both parties, he is effect the nations health doctor. He speaks a lot of sense and i very much doubt if Joe or Joanne could get close to what he is saying

[pdq1]

He also said inflation will be down to 2% by now. Of course it isn't and nearer 3.5%. Growth will only come from money being spent. The government is cutting back, companies are stuck in hibernation so the only spender is the consumer.

The people with the most money in their bank accounts are the elderly. Given incentives they could all be made to spend some of it. I'm sure they don't want to be the richest person in the graveyard.

[ladybirder]

pdq - The people with the most money in their bank accounts are the elderly. Given incentives they could all be made to spend some of it.

There are plenty of us who don't have a choice but to spend it as we're not getting a decent return on it.

[boxtops]

I thought he said only a few days ago that the recession was deepening again?