Bank of England Governor Bailey says the UK outlook is worst I’ve seen

UK Times with the report:

The Times is gated, but in brief:

  • Andrew Bailey, the governor of the Bank of England, has hit back at
    critics who have claimed he has taken an “ultra pessimistic” view
    of the UK economy.
  • This week, Bailey
    painted an extremely dim picture of the UK economy, claiming that its
    present potential growth trajectory is the “worst” he has seen in
    his career.
  • “I’ve been
    written up this week as being an ultra-pessimist, but I don’t see
    it that way. I see it as a realist view,” Bailey told
    Staffordshire’s Daily Focus newspaper.
  • Bailey added that in
    order to revive the UK economy’s fortunes, policymakers must focus
    on “getting our sleeves rolled-up and tackling the issues we face”.

This article was written by Eamonn Sheridan at Source