Mervyn King branded a 'tyrant' by ex-MPC's Blanchflower

David Blanchflower, who sat on the MPC between 2006 and 2009, said the governor oversaw an organisation with shockingly "low morale," reports the Telegraph. He described King (pictured) as: "A tyrant that looks to his own advantage rather than that of his subjects and uses extreme and cruel tactics." He also intimated King had become too political, criticising his "dalliance with fiscal policy" as a "major mistake". He added the governor had crossed a line by endorsing the coalition government's failed austerity programme. Blanchflower urged the Bank to appoint an outsider to succe...