Andrew Bailey

Bank of England’s Andrew Bailey issues ‘apocalyptic’ food price warning due to impact of Ukraine war

The Bank of England chief today issued an ‘apocalyptic’ warning about soaring food prices as he told MPs the Ukraine war could yet deepen the cost-of-living crisis. Governor Andrew Bailey revealed how further food inflation was a ‘major worry’ for the central bank, with particular concerns about wheat and cooking oil. He described how the …

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Bank of England chief faces anger of MPs in hearing TODAY

Andrew Bailey today denied the Bank of England has been ‘asleep at the wheel’ on inflation as he faced a roasting from MPs. The Governor lashed out at criticism in ‘hindsight’ but conceded the Bank is facing the biggest challenge to its structures for 25 years as he gave evidence to the Treasury Committee on …

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