BoE's King recognises failure of financial services

Speaking today at the Trade Union Congress (TUC) annual conference in Manchester, the Bank of England governor discussed the events of the past few years and the impact on delegates. He said: "We let it slip - we, that is, in the financial sector and as policymakers - not your members nor the many businesses and organisations around the country which employ them. "And although the causes of the crisis may have been rooted in the financial sector, the consequences are affecting everyone, and will continue to do so for years to come." He also addressed the anger felt by many that, wh...