🗣️ Telegraph View: Many politicians have lost interest in macroeconomics, despite the power the Bank of England possesses over millions of lives
The Governor of the Bank of England, Andrew Bailey, has faced criticism for comments he made at the Treasury select committee this week. He suggested that workers should not ask for a pay rise, warned of “apocalyptic” global food price rises, and agreed that he felt “helpless” to control inflation. The remarks have been described in turn as out-of-touch, alarmist, and troubling.
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