📈The central bank is facing mounting criticism over its handling of inflation
The Bank of England has been accused of hypocrisy after launching a pay review scheme for its 4,000 staff as its governor, Andrew Bailey, urged the public not to accept big salary rises.
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Bank of England shares responsibility for cost of living crisis, former governor saysFormer Bank of EnglandgovernorMervyn King has launched an attack on central banks, suggesting they have a shared responsibility for the cost of living crisis.Lord King says financial institutions have fuelled a rise in inflation by printing hundreds of billions of pounds and dollars during the Covid pandemic.He also warned Britons must brace themselves for a “very unpleasant period” and believes considerable interest rate hikes are now needed to prevent a re-run of the 1970s.Click here to sign up to our newsletters.
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BBC QT: Bank of England torn apart by panellist over inflation - 'Asleep at the wheel!'THE BANK of England has been torn apart by a BBC Question Time panellist over its reaction to rising inflation.
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Trump’s commerce secretary Ross plots £700m merger with UK’s Atom BankA SPAC set up by the financier Wilbur Ross is proposing a deal that will see the Durham-based digital bank listed on the New York Stock Exchange, Sky News learns.
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Cost of living crisis is Sunak's problem to solve, Bank says🗣️ The Treasury must take responsibility for tackling soaring inflation and the cost of living crisis, the Bank of England’s chief economist has said
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Depp v Heard: Johnny's fall from 'biggest movie star in world' to bank loans
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