Bank of England 'helpless' to steady spiralling inflation

Governor Andrew Bailey speaks at the Treasury Select Committee

James Baxter-Derrington
clock • 1 min read
Andrew Bailey
Image:

Andrew Bailey

Bank of England governor Andrew Bailey has admitted he feels “helpless” to prevent inflation, which is forecast to top 10% in the fourth quarter of 2022.

Speaking at the Treasury Select Committee, Bailey was asked by Conservative committee member Gareth Davies if he had felt "a bit helpless" over the past months as inflation has spiralled well beyon...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Government green-lights CDC scheme expansion, Sterling 20 initiative launches, inflation figures published

Professional Pensions
clock 24 October 2025 • 1 min read
PMI calls for urgent reform as UK's savings system 'at a tipping point'

PMI calls for urgent reform as UK's savings system 'at a tipping point'

Professional body looks to spark debate on UK savings crisis as Pensions Commission revived

Jonathan Stapleton
clock 24 October 2025 • 1 min read
News Digest: Pension funds scoop up ex-private equity executives

News Digest: Pension funds scoop up ex-private equity executives

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 24 October 2025 • 1 min read
Trustpilot