Sir Mervyn King warns about 'Help to Buy' scheme

The Bank of England governor discusses the UK's modest economic recovery and the need for further action to ensure sustainable growth. He expresses concerns about the Help to Buy scheme, warning against its potential long-term implications on the mortgage market. The transition of leadership to Mark Carney is highlighted, along with the challenges he will face in maintaining economic health.

What is the Bank of England governor's view on the current state of the UK economy?

• The economy is declining.

• The economy is booming.

• The economy is stagnant.

• The economy is modestly recovering.

What is the governor's main concern about the 'Help to Buy' scheme?

• It is too expensive.

• It might become a permanent fixture.

• It is not popular among lenders.

• It only benefits a small group of people.

According to the governor, what should the UK mortgage market aim to return to?

• A market with fewer lenders.

• A government-guaranteed market.

• A market with higher interest rates.

• A healthy market with competing lenders.

Who is set to replace Sam Ervin as the governor of the Bank of England?

• Christine Lagarde

• David Cameron

• Mark Carney

• George Osborne

What challenge will Mark Carney face upon taking over as governor?

• Increasing interest rates.

• Improving international trade relations.

• Managing the 'Help to Buy' scheme.

• Reducing government spending.