King urges caution on Budget

View an online version of this email here.  All times are London time: Tuesday Mar 24 2009 Breaking news King urges caution on Budget Mervyn King, governor of the Bank of England, on Tuesday warned the government against presenting a second fiscal stimulus in next month's Budget with a dramatic intervention urging caution. Speaking to the House of Commons Treasury select committee, Mr King said the recession was "bound to lead to higher fiscal deficits and it doesn't make sense to try to offset that". Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.