Financial Times FT.com

Strange kind of capitalism

By Lucy Kellaway

Published: July 20 2008 17:28 | Last updated: July 20 2008 17:28

“Merve should get a medal!” wrote a reader on The Times website last week on hearing that the governor of the Bank of England had turned down a £100,000 pay rise. Others agreed: “Well done Mervyn.” “Good on him!” “A real hero – and from WOLVERHAMPTON!!”

Over on FT.com, the same feeling was expressed in more schoolmasterly fashion. Mervyn King it said, “merits applause”.

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