Bank of England Governor Sir Mervyn King will face a grilling from MPs today on his efforts to nurse the British economy out of a double-dip recession. Sir Mervyn's appearance before the House of Commons Treasury comes a day after the International Monetary Fund slashed its UK growth forecast to just 0.2pc for 2012 and 1.4pc for 2013 and less than a week after the announcement of an emergency £80bn "funding for lending" scheme designed to ward off a credit squeeze. He is also likely to face further questions about his handling of the Libor rate-fixing scandal, after it emerged that the then president of the US Federal ... (full story)