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Liz Truss Makes Andrew Bailey Look Good Again – POLITICO

But the Truss attacks could actually restore Bailey’s image.

“If some idiot thinks badly of you, then that’s a good thing,” said Tony Yates, an economist and former BoE official.

Truss, Britain’s shortest-serving prime minister who was in office for just 49 days, called the Bank’s efforts to calm markets in September 2022 a “smear” and blamed Bailey and other members of “the ‘economic establishment’ for its downfall.

But no one seems to have paid any attention to it. It’s reminiscent of the market turmoil seen in September 2022, which transformed Bailey’s reputation from someone who couldn’t handle rising inflation to a person in the room unlike a government in trouble.

And the latest controversies still don’t hit the mark.

“We have absolute confidence in our independent Bank of England, the governor, I think they are doing an excellent job in very difficult circumstances,” Gareth Davies, Exchequer Secretary to the Treasury, told Bloomberg this week .

Politico

Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe.Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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