Bank of England 'helpless' to steady spiralling inflation

Governor Andrew Bailey speaks at the Treasury Select Committee

James Baxter-Derrington
clock • 1 min read
Andrew Bailey
Image:

Andrew Bailey

Bank of England governor Andrew Bailey has admitted he feels “helpless” to prevent inflation, which is forecast to top 10% in the fourth quarter of 2022.

Speaking at the Treasury Select Committee, Bailey was asked by Conservative committee member Gareth Davies if he had felt "a bit helpless" over the past months as inflation has spiralled well beyon...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Asset owner coalition launches climate stewardship statement

Asset owner coalition launches climate stewardship statement

Coalition is led by the People’s Partnership, Brunel Pension Partnership and Scottish Widows

Holly Roach
clock 13 February 2025 • 3 min read
David Butcher launches mindfulness programme for pension professionals

David Butcher launches mindfulness programme for pension professionals

Course will help participants transform mental health, resilience and productivity

Jonathan Stapleton
clock 13 February 2025 • 1 min read
UK economy grows 0.1% in final quarter of 2024

UK economy grows 0.1% in final quarter of 2024

Unexpected growth in Q4 comes after zero growth in Q3

Sorin Dojan
clock 13 February 2025 • 3 min read
Trustpilot