'Economy won't improve for years': Former Bank of England governor asks Reeves to be 'honest'

Lord Mervyn King has warned the chancellor will not be able to turn the UK economy around in a meaningful way for "years". The former governor of the Bank of England was speaking to Sunday Morning with Trevor Phillips ahead of the chancellor's autumn budget next month. Asked how much trouble the UK economy is in, he replies that "it's not a disaster, but it is a serious problem". Read more: https://news.sky.com/story/politics-latest-labour-vote-collapses-ahead-of-key-elections-next-spring-12593360 #economy #money #politics SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales