We let it slip, Bank governor Mervyn King tells unions
Bank of England governor Mervyn King has blamed financial firms and policy-makers for the economic crisis, admitting: "We let it slip."
Addressing the TUC's annual congress, Mr King told unions they were "entitled to be angry" about higher unemployment and the bail-out of banks.
He is only the second Bank of England governor to speak to the TUC in its 142-year history.
John Moylan reports.
15 Sep 2010