Rachel Reeves Kwasi Kwarteng Andrew Bailey Sky News Britain UPS Target FIVE Rachel Reeves Kwasi Kwarteng Andrew Bailey Sky News Britain

Truss ‘irresponsible’ for threatening to review Bank of England remit

Reading now: 852
theguardian.com

Liz Truss has been accused of being “deeply irresponsible” for threatening to tinker with the Bank of England’s mandate on the brink of a recession.The shadow chancellor, Rachel Reeves, attacked the Tory leadership frontrunner after Truss and her allies repeatedly questioned the performance of the Bank’s governor, Andrew Bailey, and said she would review the institution’s remit.“This is deeply irresponsible from a Conservative leadership candidate.

It creates huge uncertainty that will hold back vital investment in our economy,” Reeves said.“Families are seeing the bills pile up while their ability to pay shrinks.

Read more on theguardian.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA