Jacob Rees-Mogg Accuses Bank of England of 'Miserable Incompetence' in Handling Inflation Issues
Monday, 13 May 2024, 06:00
Jacob Rees-Mogg Criticizes Bank of England
In a recent statement, Jacob Rees-Mogg accused the Bank of England of 'miserable incompetence' for its handling of inflation and bond-selling strategies. The former business secretary highlighted the negative impacts of the Bank's interest rate decisions and quantitative tightening policies on the economy and taxpayers.
Review of Bank's Independence
Rightwing Tories are calling for a review of the Bank's independence in light of these criticisms and concerns over its performance.
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