Monday , November 18 2019
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Lord King: Brexit is no big deal

Summary:
Mervyn King, the former governor of the Bank of England, has a lot of big opinions which he’s not been afraid to share.Lord King once described bankers as “incompetent and greedy”, before joining Citigroup, we assume on a whopping salary, in 2016. He’s also got some choice views on Brexit, which has left him at odds with much of the economics profession in the UK, and beyond.Which is why when Lord King stood up at the IMF’s annual meeting last week, Alphaville was keen to hear what the former governor had to say about the state of the global economy. To our surprise, much of it made sense, via the Guardian:“Another economic and financial crisis would be devastating to the legitimacy of a democratic market system,” he said. “By sticking to the new orthodoxy of monetary policy and pretending

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Mervyn King, the former governor of the Bank of England, has a lot of big opinions which he’s...

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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