The Bank of England fears it may not spot the next crisis. Here’s where to look

Policymaker Gertan Vlieghe shocked MPs with his admission about the limitations of forecasting. But it's not hard to see where some hotspots are

It was like a private confession broadcast to the nation. When Gertjan Vlieghe cast his eyes down at the desk in front of him and said "we are probably not going to forecast the next financial crisis", it was a moment of sorrow and self-reproach rarely seen from a Bank of England policymaker.

Vlieghe is a member of the Bank's monetary policy committee, alongside governor Mark Carney and seven others who set the UK's base interest rate.

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