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King: No Bank remit change

The Bank of England's remit should not change to include anything other than the 2% target of inflation, the outgoing Governor Sir Mervyn King has told ITV News.

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King: UK manufactured exports demand 'buoyant'

During a two day visit to Birmingham, Governor of the Bank of England, Sir Mervyn King, spoke to ITV News about lessons he had learnt from talking to company bosses and factory workers.

What I've learnt today is that demand for UK manufactured exports is pretty buoyant, and that the new position we're in, the UK has to rebalance its economy.

We have to rely more on exports that we did, this is going to correct our trade deficit and gradually lead us back to full employment.

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