'Optimistic' bank chief undermines Reeves' warning
Daily Express|August 05, 2024
BANK of England governor Andrew Bailey has become the latest senior figure to undermine Chancellor Rachel Reeves' claims about the true state of the economy.
Christian Calgie
'Optimistic' bank chief undermines Reeves' warning

The central banking chief said the decision last week to cut interest rates, to 5%, for the first time in four years was "good news" and a "reason to be optimistic".

His words will hamper the Labour Government's attempts to recast the Tories' economic legacy and begin preparing excuses for tax rises in the autumn.

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