Bank of England’s Outlook Too Gloomy for Government, FT Reports
Bank of England Governor Mervyn King’s economic outlook has fuelled tension between the central bank and Prime Minister Gordon Brown’s office, the Financial Times reported today.
King’s prediction this month of a “slow” economic recovery has provided the opposition Conservative Party with “ammunition,” the paper said individual health insurance plans. The BOE says it isn’t “talking the economy down” and acknowledged that the issue has sparked tension with the government, the paper reported.