UK Times with the report:
The Times is gated, but in brief:
Andrew Bailey, the governor of the Bank of England, has hit back at
critics who have claimed he has taken an “ultra pessimistic” view
of the UK economy.
- This week, Bailey
painted an extremely dim picture of the UK economy, claiming that its
present potential growth trajectory is the “worst” he has seen in
- “I’ve been
written up this week as being an ultra-pessimist, but I don’t see
it that way. I see it as a realist view,” Bailey told
Staffordshire’s Daily Focus newspaper.
- Bailey added that in
order to revive the UK economy’s fortunes, policymakers must focus
on “getting our sleeves rolled-up and tackling the issues we face”.
This article was written by Eamonn Sheridan at www.forexlive.com.
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