UK chancellor agrees with King prediction of 'choppy recovery'
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George Osborne, the chancellor of the exchequer, agrees with the governor of the Bank of England that the UK economy faces a “choppy recovery”.
In a speech to Bloomberg Osborne says we must remain cautious and that inflation is proving more persistent than expected.
He adds: “I agree with Mervyn King when he said last week that we are likely to face a choppy recovery.
“To expect a smoother ride after the biggest economic crisis of our lifetimes, is asking too much.”
