LONDON DAILY ARCHIVE

Jacob Rees-Mogg Criticizes Bank of England’s Inflation Strategy

Jacob Rees-Mogg accuses the Bank of England of 'miserable incompetence' for its handling of inflation and quantitative tightening (QT), arguing it has cost taxpayers billions and damaged the economy. He calls for a review of the Bank’s independence, echoing critiques from Conservative Way Forward and allies of former Prime Minister Liz Truss.

14 May 2024 · 03:53 UTC