The Conservative Minister described the Bank of England Governor as 'out of his depth'
Bank of England Governor Andrew Bailey addresses the media during a press conference at the Bank of England A Tory minister has been slapped down by the party over social media comments about Bank of England Governor Andrew Bailey.report detailing a policy suggesting staff at Threadneedle street share their pronouns at the beginnings of meetings.
“I’m not advocating going back to the situation, pre the independent Bank of England, where chancellors were setting interest rates. But I do think that democratically elected ministers should be responsible for managing fiscal and monetary policy.” Interests rates were only cut in August after inflation fell two per cent in May and June and reached a high of 11.1 per cent in October 2022.
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