Nigel Farage to challenge Bank of England governor to cut interest rates at meeting today | Politics | News
Nigel Farage, Bank of England Governor Andrew Bailey will reduce interest rates at Bank’s first official meetings at the Threadneedle Street center on Thursday. Mr. Bailey reached to organize the meeting with Reform British Deputy Leader Mr. Farage and Richard Tice. TimesA sign of how high -level figures in Whitehall and City come to the economic platform of the party.
Mr. Farage plans to encourage the Monetary Policy Committee to relax politics to encourage growth after voting to change the basic rate of this month to 4%. Reform became the critic of England leader, Mr. Bailey, in the past, accusing him of pursuit of ties closer with the EU and “is still responsible and the country is impoverishing”. He argued that low borrowing costs would help households and businesses and increase anemic growth.
Clacton deputy is expected to print on a crypto currency policy on Mr. Bailey. According to the material provided, he believes that the bank behaved as “dinosaurs ve on what the bank describes as“ crypto-revolution, and called for Bitcoin to storage a strategic reserve.
Mr. Tice, a real estate developer by the Background and Reform British leader, will challenge the bank on the quantitative-sea program and relevant market interventions. Previously, QE and the Central Bank claimed that it was public about the effects of the balance page policies.
Mr. Bailey showed that the economy weakened because consumers spend less.
He said: “People are currently being very cautious at the moment. Of course, it affects these expenditures, so it has an impact on the situation of the economy because there is no such.
“People do not go out; they do not shop that much; they do not go to restaurants, and so on. [of the] Economy. “
Official figures underlined the difficulty: Retail sales remain below pandemic levels, the National Statistics Office last month sales sales were under 2.1% of February 2020-a reminder of fragility behind this political rows.
The reform has pioneered the national survey since April, and it has been increasingly taken by the city, while senior Whitehall figures began to participate directly.
In the meantime, the markets, the bank wrestling with permanent inflation and fragile demand while waiting for the rest of the year to keep the floor in waiting.
