皇冠体育app

Today the Chancellor, Kwasi Kwarteng, met with the Governor of the Bank of England, Andrew Bailey, at HM Treasury to emphasise his full support for the Bank鈥檚 mission to get inflation under control.

皇冠体育app Chancellor affirmed the UK Government鈥檚 long-standing commitment to the Bank of England鈥檚 independence and its monetary policy remit. 皇冠体育app Chancellor and Governor agreed that getting inflation under control quickly is central to tackling cost of living challenges.

皇冠体育app Chancellor updated the Governor on his growth and fiscal strategies, noting that reforms聽which聽create聽the conditions for a聽high-growth economy聽can help to alleviate inflationary pressures. 聽He聽outlined聽the government鈥檚聽plans to聽act this week in response to high energy prices, and reiterated that such action requires fiscal loosening in the short-term. 皇冠体育app Chancellor confirmed that over the medium-term, the government is committed to seeing debt falling.

皇冠体育app Chancellor and the Governor agreed to re-instate weekly meetings 鈥� starting with bi-weekly meetings in the first instance - and coordinate closely to support the economy over the coming months.