More must be done to spur recovery: BOE chief

http://www.businesstimes.com.sg/premium/economy-watch/more-must-be-done-spur-recovery-boe-chief-20130520

Bank of England governor Mervyn King said he isn't satisfied with the pace of the UK's recovery and that more needs to be done to boost growth.

"It's only a modest recovery, and we certainly can't be satisfied with it," Mr King said in a television interview with Sky News, aired yesterday. "We will need to do more to use up the spare capacity, and to get back to a healthy, growing economy."