PRESS RELEASE - Mervyn King in Newcastle

This evening, Mervyn King, Governor of the Bank of England, is having a banquet in Newcastle on the day that it was announced that in the final quarter of 2010 the UKs economy shrunk by 0.5% causing fears among economists that we could be heading for ‘stagflation’.

The banquet, which coasts £55 per person, is the only opportunity for ordinary, working people and people on fixed incomes to speak to Mervyn King and it is not likely that the majority of people could afford such an excess, especially now that inflation is at 3.7%.

In a time when there is so much public concern over the state of our economy and when everyone is feeling the pinch, everyone should be able to ask questions and express their fears to the man at the helm.

A demonstration is planned to start at 6pm today outside Newcastle Civic Centre. Mervyn King, Governor of the Bank of England is giving a keynote speech at a banquet which has been organised for 7pm. The demonstration is to urge Mervin King to talk to everyone, especially those on lower or fixed incomes about the problems that they will face with high unemployment and inflation.


We want to talk to Mervyn King and this is the only way we can.