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

The Guardian LogoThe Guardian6d ago

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

Quick Summary

Labour’s Rachel Reeves says Conservatives are ‘playing blame game’ for UK’s economic problems 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.Continue reading...

The Bank’s gloomy forecasts underlined the grim backdrop against which Truss or her leadership rival, Rishi Sunak, will take power next month.


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Article Details & Transparency

Author / Journalist: Heather Stewart Political editor and Emily Dugan

Category: Nation Politics

Topics: Interest rates Economic policy Labour Inflation Liz Truss Business Conservatives Rachel Reeves UK news Conservative leadership Politics Andrew Bailey Economics Bank of England

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: theguardian.com

Readership Location: United Kingdom

Published Date: 2022-08-05, 16:41:21

News Timezone: GMT +8:00

Language: English

Original Article Length: 1387 words

Reading Duration: 8 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1447760

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About Publisher

The Guardian Logo

Name: The Guardian

Main Topics: NationPolitics

Official Website: theguardian.com

Update Frequency: 56 posts per day

Last Update: 9h ago

Headquarters: United Kingdom

Coverage Areas: United Kingdom

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #84

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