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Podcast: Beyond Currency
Episode: 18th February 2022 - Bailey blamed for complacency
Description: "Bank of England Governor Andrew Bailey has been blamed for worsening the rise in inflation in the UK by Gerard Lyons, a former economic adviser to Gordon Brown and more recently Boris Johnson.
Lyons believes that the Bank’s failure to act before December in hiking interest rates has set back the recovery from the Pandemic, but, more importantly, placed the country in danger of falling into recession in trying to play catchup.
The rise in the wholesale cost of gas, driven primarily by the Pandemic coupled with the forthcoming rise in national insurance contributions, has placed the country in da...