Will Bank of England governor survive Tory pressure to quit?
1 year, 7 months ago

Will Bank of England governor survive Tory pressure to quit?

The Independent  

Legend has it that Andrew Bailey’s wife once faced down a grizzly bear at the family’s holiday home in Idaho. Conservatives have certainly tried their best to give Mr Bailey a mauling this week – accusing him of being “asleep at the wheel” in dealing with rising inflation after this week’s grim figures panicked backbenchers afraid of losing their seats. Former cabinet minister Jacob Rees-Mogg said the governor and his team had “bungled” by being much too complacent on soaring prices in recent years, calling Mr Bailey “chief ostrich” with his head in the sand. “Too little too late is the reason inflation is now becoming sticky,” said ex-Treasury minister Andrea Leadsom of this week’s 0.5 per cent interest rate hike, adding that there were “lots of questions” about why Mr Bailey had been so behind the curve. No 10 faced awkward questions all week about Mr Bailey, refusing to say whether the prime minister believed that Mr Bailey was doing a “good job”.

History of this topic

Bank of England boss Andrew Bailey reveals he'll stay four more years
5 months, 3 weeks ago
Tory peer Lord Frost calls for the PM to have the power to SACK the Governor of the Bank of England as ex-Brexit negotiator says it's 'extraordinary' they don't
1 year, 3 months ago
Bank of England fights to save its reputation - and the economy
2 years, 8 months ago
Andrew Bailey named next Bank of England governor as Mark Carney steps down
5 years, 1 month ago
Andrew Bailey: New Bank of England governor is a safe choice in uncertain times
5 years, 1 month ago
Who will be the first Bank of England governor of the Brexit era?
5 years, 2 months ago
Bank of England governor: UK looks for Mark Carney successor
5 years, 9 months ago
What does it take to be the next Governor of the Bank of England?
5 years, 9 months ago

Discover Related