The Governor of the Bank of England (BoE) Mervyn King stated that the United Kingdom is dealing with a bumpy road back to recovery as he has an open mind on buying more bonds, therefore hinting that they are not exiting the stimulus plans soon.

King also said that even if we do witness positive growth, there is a long road ahead to return to their normal growth before. Deputy Governor, Charles Bean stated that credit remains squeezed while some industries are rejecting orders as they have insufficient funds.