THE DAILY TELEGRAPH: Mervyn King is powerless to halt the damage to savings and spending power, says Jeremy Warner.Is the Bank of England trying to inflate away Britain's debts? To the untutored eye, that's certainly what it looks like. The reality is altogether less deliberate. All the same, such a perception threatens a serious assault on the Bank's credibility as an independent monetary authority, and should be taken more seriously than the somewhat irrelevant row over whether Mervyn King, the Bank's Governor, should have so wholeheartedly endorsed the Coalition's deficit reduction plans. Read on and comment >>> Jeremy Warner | Thursday, November 25, 2010