Andrew Bailey Warns Rachel Reeves Against Bonfire of Red Tape

Bank of England Governor hits back at Rachel Reeves over regulation

Bailey (pictured) made clear that he did not share Reeves' recent claim that the enforcement of red tape acted as a 'boot on the neck' of business.

Bank of England’s Bailey defends bank rules after Reeves’ ‘boot on the neck’ attack

Legislators told BoE is open to making changes to financial regulation to help government’s economic growth push

Andrew Bailey warns Rachel Reeves against bonfire of red tape

Giant investment companies dump shares as world banking crash looms - Workers Revolutionary Party

Testifying to MPs at the Treasury Committee yesterday, Andrew Bailey, governor of the Bank of England, issued a sharp rebuke to Labour chancellor Rachel Reeves’ pledge to the banks and financial bosses that she would tear up all the banking regulations supposed to curb their ‘risk taking’. Bailey warned MPs of the economic catastrophe that he predicted would emerge from Reeves’ plan, saying ‘there isn’t a trade-off between financial stability an…