BOE expects better balanced economy

The Governor of the Bank of England, Sir Edward George, has warned about the problems of the UK economy in a speech at the Association of Business Community Dinner in Scotland on Monday. Despite being the strongest economy in Europe, with low unemployment and low inflation, the Governor expressed concern on the internationally exposed sectors of the economy. He says: "Once you look beneath the apparent benign surface of the economy as a whole, you find very substantial differences between many internationally exposed businesses, particularly in manufacturing but including farming and ...