The UK is well-prepared to deal with the economic impact of the pandemic after ten years of austerity, Lord (Mervyn) King said. The 72-year-old, who was governor of the Bank of England during the Financial Crisis, said Britain is in a good position to take on large amounts of debt. The Chancellor Rishi Sunak has announced £330 billion of state-backed loans and pledged around £40 billion in grants, tax breaks ...