Senior politicians launch attack on Bank of England - reports

Questioned independence

Elliot Gulliver-Needham
clock • 1 min read
Bank of England governor Andrew Bailey
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Bank of England governor Andrew Bailey

Cabinet ministers have attacked the Bank of England over rising inflation, with some making the unprecedented move of questioning the central bank’s independence.

As the government has continued to come under fire for failing to tackle the cost of living crisis, Conservative politicians have begun to set the central bank in their sights. A senior minister told The Telegraph over the weekend: "It has one job to do - to keep inflation at around two per cent - and it is hard to remember the last time it achieved its target." Other ministers warned that the bank had been failing to "get things right" and that it had failed a "big test". 'Things are only going to get worse' as UK economy contracts in March Last week, former international trade...

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