UK parliament gives King the thumbs up

Mervyn King has fulfilled his responsibilities as governor of the Bank of England very well during his first term and deserves to serve for a further five years, an influential group of UK lawmakers has said.

In its report on the re-appointment of Mervyn King, the Treasury Select Committee praised King as being "at all times an authoritative and helpful witness" before the group.

"It is evident from discussions we have held with central banks in North America and elsewhere in Europe that he is

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