Andrew Bailey 'very uneasy' about rising UK inflation

Labour market uncertainty adds to pressures

clock • 3 min read
BoE decision to hold rates 'close call'
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BoE decision to hold rates 'close call'

Bank of England governor Andrew Bailey has hinted that the main hurdle to increasing interest rates has been cleared with the end of the government's furlough scheme, but he admitted that he was "very uneasy" regarding the inflation situation.

Giving evidence to the Commons Treasury select committee on Monday (15 November), Bailey admitted that the rising cost of living was a cause for significant concern and that he had come close to voting...

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