Andrew Bailey and Jeremy Hunt vow to bring inflation down

Mansion House reforms

The Governor of the Bank of England has said his “pre-occupation at the moment is inflation” and that it must be brought down to the 2% target.

Alongside the Chancellor of the Exchequer, Andrew Bailey spoke to an audience at the Financial and Professional Services dinner on Monday 10 July, outlining plans for the "future of money" and a number of reforms, but inflation was at the top of the agenda for both. Chancellor unveils 'golden rules' for long-term sustainable growth "Looking back at all that has happened in recent years, the UK economy has been hit by a series of external inflationary shocks: higher goods prices in global markets owing to supply bottlenecks created by the pandemic; and higher energy and food prices fol...