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