The U.K.’s central bank and the new Truss government find themselves pulling in different directions on the U.K. economy, alarming investors
This year, Andrew Bailey, the head of the Bank of England, has had one of the toughest jobs in central banking. The energy price shock from the Ukraine war and a U.S.-style labor shortage has sentNow, his job of fighting inflation has become even harder after the new government of Prime Minister Liz Truss unveiled the
in a generation, as well as a bailout for consumers and businesses designed to protect them from surging energy costs, according to former central bank officials, analysts and investors.
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