Sir Mervyn King’s chirpy new year message: ‘There’s no reason to despair’

Sir Mervyn King, Governor of the Bank of England, must have made a new year’s resolution to be less gloomy. “There is no reason to despair… All crises come to an end,” he told an audience in Brighton yesterday, at the same time as warning that the recovery will be “arduous, long and uneven” and [...]