British bank boss thought PM 'lacked experience': WikiLeaks

1st December 2010, Comments 0 comments

British bank chief Mervyn King believed Prime Minister David Cameron "lacked experience" and thought "only in terms of politics," US documents published by the Guardian newspaper showed Wednesday.

Governor of the Bank of England King told the US ambassador in London, Louis Susman, that the prime minister had not understood the pressures he would face as a result of attempts to cut spending, the memo released by the WikiLeaks website revealed.

King made the comments in February, months before Cameron's Conservative party was elected to power in May.

Susman relayed the bank chief's comments to US Secretary of State Hillary Clinton in a cable dated February 17.

In the memo, the Bank of England boss criticised Cameron and Osborne for their "tendency to think about issues only in terms of politics, and how they might affect Tory electorability."

The governor also "opined that party leader David Cameron and shadow chancellor George Osborne have not fully grasped the pressures they will face from different groups when attempting to cut spending."

© 2010 AFP

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