Tory MPs to grill Bank of England governor over high inflation
by Jessica Elgot from on (#5Z8VT)
Andrew Bailey's appearance at select committee will come amid work from chancellor to find new ways to ease cost of living
The Bank of England governor, Andrew Bailey, will face a grilling from angry Conservative MPs over inflation on Monday, as cabinet sources moved to quell the incendiary remarks about the Bank's independence.
The governor's appearance before MPs - which has been likened to the showdowns with former Bank boss Lord Mervyn King during the 2008 crash - will come amid intense work from the chancellor, Rishi Sunak, to find new measures to ease the cost of living before the summer recess.
Continue reading...