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Bank governor wades into row over Reeves’ focus on fiscal rule forecasts

Andrew Bailey says OBR projections – which the chancellor uses to calculate headroom – shouldn’t be ‘over-interpreted’ The Bank of England governor, Andrew Bailey, has waded into the controversy over Rachel Reeves’s fiscal rules with a warning against “over-interpreting” the Office for Budget Responsibility’s forecasts. The chancellor announced

Britons ‘hoarding cash amid economic uncertainty and fear of outages’

Households seeking safety net in time of global volatility, according to Bank of England’s chief cashier Britons are hoarding physical cash amid extreme economic uncertainty and to provide a safety net for possible banking system outages such as the recent one in Spain, according to the Bank of

Office for National Statistics has ‘deep-seated’ problems and needs an overhaul

Devereux Review on the UK’s main statistics body also says a revision of past figures may be required The UK’s main statistics body needs a £10m overhaul and its top role split in two after a series of management failings and errors that have plagued the organisation for

Growing signs of slowdown in UK jobs market, says Bank of England governor

Andrew Bailey warns of ‘significant decline in wage growth in year ahead’ as Bank prepares for interest rates decision Business live – latest updates There are growing signs that the UK jobs markets is slowing as employers respond to higher national insurance contributions (NICs) by cutting hiring and