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Are we heading towards Boris vs the Bank?

Big spending. Huge debts. What can possibly go wrong?

11 July 2020

9:00 AM

11 July 2020

9:00 AM

After every Budget, big or small, Tory backbenchers usually meet with the Chancellor. But on the evening of Rishi Sunak’s mini-Budget this week, they had already scheduled in a meeting with Andrew Bailey, the new governor of the Bank of England. This was extraordinary. Since when does the governor talk to MPs? Or risk upstaging the Chancellor? Worse still, the Treasury had not been told about the governor’s new gig.

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