General · 4 hours ago
Bank of England boss warns Budget against repeat of Truss crisis
Office of U.S. Ambassador to U.K. via Wikimedia Commons (Public domain)
Bank of England Governor Andrew Bailey warned that greater public expenditure could damage the UK's financial standing and potentially trigger another event akin to the Liz Truss crisis. The remarks were delivered on Thursday, preceding John Healey's initial Budget announcement, which is scheduled for less than three weeks from now.
Reported by The Telegraph · How we write briefs