Bank of England has relied on 'inadequate' forecasts, Lords report says
The report recommended that ‘the Bank’s remit should be pruned by HM Treasury’.
Source: countytimes.co.uk
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Bank of England has relied on 'inadequate' forecasts, Lords report says | Darlington and Stockton Times
The report recommended that ‘the Bank’s remit should be pruned by HM Treasury’.
Source: darlingtonandstocktontimes.co.uk
Your three-minute digest
1 Ministers have lined up investors from Abu Dhabi to take a stake in the Sizewell C nuclear power plant in Suffolk, the Times understands, as concerns grow am
Source: thetimes.co.uk
Bank of England 'not being properly held to account'
There is a “democratic deficit” in parliamentary scrutiny of the Bank of England because oversight of Threadneedle Street’s work has failed to keep up with the expansion of its responsibilities, peers have warned.The Lords’ economic affairs committee is calling for an overhaul in the way in which th
Source: thetimes.co.uk
Bank of England reforms needed after policy errors, says Lords committee
The Bank of England should be more accountable and look to foster a wider array of views after making errors with monetary policy committee in recent years,...
Source: proactiveinvestors.co.uk