Sir Mervyn King
Media playback is unsupported on your device

Sir Mervyn King: Public are right to be angry at banks

Outgoing Bank of England (BoE) governor Sir Mervyn King believes the public has "every right to be angry" with the banking system for Britain's financial crisis.

In one of his last interviews before stepping down, he expressed sympathy with widespread frustration as sluggish growth takes its toll on standards of living.

But the governor also cautioned that blaming individual bankers can only be damaging to the economic recovery which he believes is now underway.

The 65-year-old was speaking to Kirsty Young for BBC Radio 4's Desert Island Discs.

His musical selections included Mambo No 5 by Lou Bega and a song recorded to mark his beloved Aston Villa's European Cup victory in 1982.

Listen to Desert Island Discs on BBC Radio 4 at 11:45 BST on Sunday June 2 and 09:00 BST on Friday June 7, or afterwards on the BBC iPlayer