Cost of living: 'Mistakes and bad luck' have caused inflation rise, says former Bank of England governor
The war in Ukraine is the 'bad luck' and 'printing more money during the pandemic' was the intellectual mistake, says Mervyn King.
news.sky.com
Nowt to do with me guv. Mervyn King was Governor of the BoE from 2003 to 2013 and presided over the start of the current mess. Him and his mates around the world created the thinking that has brought the world to this moment in time. Now it’s bad luck and mistakes in the last couple of years that’s caused the problems and definitely nowt to do with him. Nowt to do with all that money printing and absurd interest rate policy for all those years before and after 2008. Unreal.