The UK's economic recovery will be "slow and protracted", according to the chief of the Bank of England.

Bank governor Mervyn King warned in a press conference today (12 August) that the UK has a long way to go on the path to economic recovery.

The recession that has swept across the country in 2009  has been "deeper than [previously] thought", said King, adding that recovery will be "slow and protracted".

His comments came as official figures showed that claims for unemployment benefit in the UK are at their highest level for 12 years.