Cabinet ministers launch unprecedented attack on Bank of England over inflation crisis

Cabinet ministers launch unprecedented attack on Bank of England over inflation crisis

Cabinet ministers have turned on the Bank of England over rising inflation, with one warning that the Bank had been failing to "get things right" and another suggesting that it had failed a "big test". In a highly unusual attack, one of the senior ministers warned: "It has one job to do – to keep inflation at around two per cent – and it's hard to remember the last time it achieved its target." The other said government figures were "now questioning its independence", suggesting Rishi Sunak, the Chancellor, should do more to hold Andrew Bailey, the Bank Governor, to account. The interventions reflect growing frustration among Conservative MPs and ministers about the Bank's approach to inflation, which currently sits at seven per cent – five percentage points above its …
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