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Low Growth and Successive Shocks Erode Public Finances, Bank Boss Says
Bailey said repeated shocks and weaker growth are tightening fiscal headroom as 10-year gilt yields hit 5.53%, raising borrowing costs.
Summary by The Independent
6 Articles
6 Articles
Evening Standard+2 Reposted by 2 other sources
Low growth and successive shocks erode public finances, Bank boss says
Andrew Bailey’s remarks come weeks before the Chancellor lays out his autumn Budget statement.
·London, United Kingdom
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Speaking at the Istanbul Economic Forum, Bank of England Governor Andrew Bailey stated, "Weak growth and shocks are eroding government spending power."
Coverage Details
Total News Sources6
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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