King set for hostile reception at TUC

clock

Mervyn King will today become only the second Bank of England governor to address the TUC when he speaks at the union's conference in Manchester.

Unionists, who will vote on joint industrial action against public sector redundancies on Monday, have blamed King for helping to bring in cuts. King says the BoE's role is now "to protect the public from the banks," the BBC reports. He adds: "The role of the Bank of England changed with independence. It was an apologist for the City. I now see it serving the nation as a whole." RMT leader Bob Crow says he will not listen to King at the congress. He told BBC Radio 5 live: "I'm all in favour of listening to Mervyn King after we have finished, but I believe [the conference] is to dec...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Electrification's second act

Darius McDermott: Electrification's second act

Electrification has become a national security question

Darius McDermott
clock 24 August 2026 • 5 min read
What advisers need to know as SpaceX fuels space investing interest

What advisers need to know as SpaceX fuels space investing interest

WisdomTree’s Mobeen Tahir unpacks the space economy theme

Professional Adviser
clock 14 August 2026 • 1 min read
How markets have developed in 2026 so far

How markets have developed in 2026 so far

'Active allocation does not mean constant trading or short-term market calls'

James Flintoft
clock 12 August 2026 • 3 min read