Andrew Bailey under political attack on all fronts
Yahoo Finance·2025-09-15 09:00
“It is beyond comprehension that we have not already reformed our approach to the payment of interest on reserves held in the Bank of England,” she wrote in an article for the New Statesman.Louise Haigh, the former Labour transport secretary, added to his criticism this week . She called for a “slower, more strategic unwind” of QE, and said commercial banks should not be given so much cash at the taxpayers’ cost.“It is triggering tens of billions of pounds of losses,” he says. “These are big strategic decis ...