Mervyn King
Media playback is unsupported on your device

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
Go to next video: King seeks to calm unions