Inflation pain: who will UK voters blame?
Political Fix
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The Bank of England and Andrew Bailey's Statement on Inflation
Bank of England didn't say anything to damp speculation about further interest rate rises. They could have quietly told us we're locked in a room of three floors underground, but they did nothing at all. If the data continues being bad, it will go up to those sorts of levels. That's been the experience of the last year or so. But if things start looking better over the summer of the early autumn, then it's not definitively going that far. Is it fair for the bank and Andrew Bailey to come under criticism? Yes, I think it's always fair for public officials who have very important jobs to face scrutiny.
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