Sir Mervyn King: UK recovery 'will be arduous'
Bank of England governor Sir Mervyn King has said the path to economic recovery in the UK will be long, arduous and uneven.
However, in a speech to business people in Brighton, Sir Mervyn added there ''is no reason to despair''.
He said the right policies would result in the UK and world economies making a recovery.
- 24 January 2012
- BBC News