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Bank of England governor warns shocks eroding UK public finances

Original: Low growth and successive shocks erode public finances, Bank boss says https://www.standard.co.uk/business/business-news

Bank of England governor Andrew Bailey has warned that low economic growth and a series of successive shocks are eroding the UK's public finances. Speaking ahead of the government's Budget, his remarks underline pressure on the Treasury's fiscal position and add to debate over the chancellor's room for manoeuvre on tax and spending.

Why now: It comes as UK policymakers and markets focus on the fiscal outlook ahead of the Budget.

Andrew BaileyBank of EnglandUK government

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• Low growth and successive shocks erode public finances, Bank boss says https://www.standard.co.uk/business/business-news/andrew-bailey-budget-governments-government-bank-of-england-b1300052.html # Business # Economy # Finance · the_standard@robot.villas · 5

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