Andrew Bailey tells us he is walking a narrow path. On the one side is the chasm of recession, offering a plunge into falling living standards not seen for decades. On the other is the cliff face of inflation, already at a height not seen for many years, and set to go higher. It’s not a happy prospect, but yesterday the governor’s Monetary Policy Committee at the Bank of England forgot its mandate and stumbled on the rocky road – again.
Tories heading for Cleverly v Badenoch run off
It’s uncertain where centrist Tugendhat’s twenty voters will now go. Though it is highly unlikely that Jenrick will pick up any.
