This viewpoint in the UK Telegraph and this opinion piece from the same paper show that, in the view of this particular newspaper at least, Mervyn King was absolutely correct in warning the British PM of the dangers ahead if he continues with his current economic plans.
Couldn’t have come at a worse time ahead of next weekends’ G20 which is looming as a possible watershed moment. Could we be in for another Plaza Accord-type weekend?
Sharpen your pencils for Monday morning because the proverbial might be flying!
