Andrew Bailey, the Governor of the Bank of England, has delivered a pre-Budget warning to the Chancellor. Mr Bailey stated that the Chancellor must balance the books to avoid a potential renewed storm in the bond markets. This warning comes as UK borrowing costs have reportedly reached a new 28-year high.
Bank of England Governor warns Chancellor on bond markets ahead of Budget
UKPulse News DeskThe Governor of the Bank of England, Andrew Bailey, has issued a pre-Budget warning to the Chancellor regarding bond markets.
- Andrew Bailey, Governor of the Bank of England, issued a pre-Budget warning.
- The warning concerns the need for the Chancellor to balance the books.
- Failure to balance the books could lead to a renewed bond market storm.