Bank of England governor Mervyn King is becoming a Frankenstein for UK Chancellor Gordon Brown. In ...
Bank of England governor Mervyn King is becoming a Frankenstein for UK Chancellor Gordon Brown. In Mary Shelley's classic horror story, the protagonist is attacked by his own creation. Brown gave independence to the Bank of England shortly after becoming chancellor in 1997. Now, he may find his ambitions are undermined by the bank he freed. As the UK economy edges closer to what may be its first quarter of declining production under Brown's watch, the stage is set for a confrontation between the bank and the chancellor. As he grooms himself to take over from Tony Blair, Brown will want to...
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