Bank of England boss says the Budget risks job losses and interest rates staying higher for longer

Bank of England boss says the Budget risks job losses and interest rates staying higher for longer …C0NTINUE READING HERE >>>

THE BANK OF ENGLAND governor yesterday said the Budget risked job losses and interest rates staying higher for longer.

Andrew Bailey told MPs the Bank would take a “gradual” approach to further interest rate cuts while it watches how companies react to Labour’s £25billion tax raid on businesses.

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Andrew Bailey says the Budget risks job losses and interest rates staying higher for longerCredit: EPA

Catherine Mann, of the Bank’s rate-setting committee, said she had favoured rates staying…

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