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UK minister: We want Bank of England to redouble focus on tackling inflation

Tattered UK gilt market stages tentative comeback
Tattered UK gilt market stages tentative comeback Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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LONDON - The British government wants the Bank of England to redouble its focus on tackling inflation, levelling up minister Simon Clarke told LBC Radio on Friday.

Asked if the central bank had been 'asleep at the wheel' last year on inflation, he said: "No, I don't believe they were.

"We have confidence in the MPC (Monetary Policy Committee) and we want them obviously to redouble their focus on curbing inflationary pressures and we welcome the action that they're taking to do so."

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