Friday, June 20, 2008
Mr Bean will take over responsibility for monetary policy
Gieve predicts uncomfortable year
Outgoing Bank of England deputy governor Sir John Gieve has added his voice to warnings over the economy and said the next year "was not going to be comfortable for anybody". (Advertisement) Sir John, who resigned as deputy governor in charge of financial stability on Wednesday, told North East business leaders the current climate was the "most challenging" faced by the Bank in 11 years of independence.
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